American International Group, Inc. (AIG) is Towercrest Capital Management’s 10th Largest Position

Towercrest Capital Management continued to hold its position in American International Group, Inc. (NYSE:AIG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,440 shares of the insurance provider’s stock at the end of the second quarter. American International Group makes up about 4.4% of Towercrest Capital Management’s holdings, making the stock its 10th largest holding. Towercrest Capital Management’s holdings in American International Group were worth $5,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Israel Discount Bank of New York purchased a new stake in shares of American International Group during the 1st quarter worth $145,000. Peddock Capital Advisors LLC boosted its position in shares of American International Group by 100.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of American International Group by 0.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of American International Group by 30.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares in the last quarter. Finally, Signaturefd LLC purchased a new stake in shares of American International Group during the 1st quarter worth $202,000. Hedge funds and other institutional investors own 83.98% of the company’s stock.

American International Group, Inc. (NYSE:AIG) traded down 0.42% on Tuesday, hitting $61.52. 1,699,932 shares of the stock were exchanged. The company’s market cap is $55.58 billion. The company’s 50-day moving average is $60.64 and its 200-day moving average is $62.20. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period in the prior year, the business earned $0.98 EPS. On average, analysts predict that American International Group, Inc. will post $4.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s dividend payout ratio is currently -711.07%.

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Several equities research analysts have commented on AIG shares. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation decreased their target price on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, July 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Friday. Finally, Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group has an average rating of “Hold” and a consensus price target of $68.35.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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