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

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in American International Group, Inc. (NYSE:AIG) by 64.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

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

American International Group Price Performance

AIG stock opened at $74.69 on Friday. The stock’s 50 day moving average price is $73.49 and its 200 day moving average price is $74.51. The firm has a market cap of $46.59 billion, a P/E ratio of -22.03, a PEG ratio of 5.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 1 year low of $67.96 and a 1 year high of $80.83.

Wall Street Analyst Weigh In

AIG has been the subject of several recent analyst reports. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price 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 shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Finally, UBS Group upped their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.