KBC Group NV Grows Position in American International Group, Inc. (NYSE:AIG)

KBC Group NV grew its position in shares of American International Group, Inc. (NYSE:AIG) by 9.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 241,090 shares of the insurance provider’s stock after acquiring an additional 20,715 shares during the quarter. KBC Group NV’s holdings in American International Group were worth $17,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers lifted its stake in shares of American International Group by 348.6% in the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after purchasing an additional 44,797 shares during the last quarter. OFI Invest Asset Management lifted its position in American International Group by 2,208.3% in the second quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock worth $710,000 after buying an additional 9,805 shares during the last quarter. Bessemer Group Inc. boosted its stake in American International Group by 64.3% during the first quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider’s stock worth $2,227,000 after buying an additional 11,149 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in American International Group by 8.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 142,369 shares of the insurance provider’s stock worth $11,081,000 after buying an additional 10,581 shares during the period. Finally, Ceeto Capital Group LLC purchased a new stake in shares of American International Group in the first quarter valued at $625,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group upped their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, Citigroup reduced their target price on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.13.

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Stock Performance

Shares of NYSE:AIG opened at $75.77 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $47.26 billion, a price-to-earnings ratio of -22.35, a price-to-earnings-growth ratio of 7.53 and a beta of 1.05. The firm has a 50 day moving average of $75.12 and a 200 day moving average of $75.68. American International Group, Inc. has a 52 week low of $63.57 and a 52 week high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the prior year, the business posted $1.61 EPS. On average, sell-side analysts predict that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.