Livforsakringsbolaget Skandia Omsesidigt Cuts Stake in American International Group, Inc. (NYSE:AIG)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in American International Group, Inc. (NYSE:AIG) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,007 shares of the insurance provider’s stock after selling 9,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in American International Group were worth $365,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AIG. CWM LLC boosted its holdings in American International Group by 52.0% in the third quarter. CWM LLC now owns 19,739 shares of the insurance provider’s stock valued at $1,445,000 after purchasing an additional 6,750 shares during the period. Watts Gwilliam & Co. LLC purchased a new position in shares of American International Group in the 3rd quarter valued at about $547,000. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group during the third quarter worth about $26,000. Ritholtz Wealth Management increased its stake in shares of American International Group by 10.3% during the third quarter. Ritholtz Wealth Management now owns 36,956 shares of the insurance provider’s stock worth $2,706,000 after buying an additional 3,451 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in American International Group by 14.1% in the third quarter. Exchange Traded Concepts LLC now owns 124,832 shares of the insurance provider’s stock valued at $9,141,000 after acquiring an additional 15,460 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Up 0.1 %

Shares of American International Group stock opened at $74.69 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $46.59 billion, a P/E ratio of -22.03, a PEG ratio of 5.80 and a beta of 1.05. American International Group, Inc. has a 1 year low of $67.96 and a 1 year high of $80.83. The company’s fifty day moving average is $73.49 and its two-hundred day moving average is $74.51.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. UBS Group increased their target price on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. BMO Capital Markets downgraded 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, The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus target price of $84.13.

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.