3,260 Shares in American International Group, Inc. (AIG) Acquired by Linscomb & Williams Inc.

Linscomb & Williams Inc. purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,260 shares of the insurance provider’s stock, valued at approximately $204,000.

A number of other large investors have also bought and sold shares of AIG. Boston Partners raised its position in American International Group by 262.4% during the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after buying an additional 4,968,504 shares during the period. Arrowstreet Capital Limited Partnership raised its position in American International Group by 307.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after buying an additional 3,144,446 shares during the period. Prudential Financial Inc. raised its position in American International Group by 202.5% during the second quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after buying an additional 2,683,775 shares during the period. Renaissance Technologies LLC acquired a new position in American International Group during the second quarter valued at $134,359,000. Finally, TIAA CREF Investment Management LLC raised its position in American International Group by 27.1% during the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after buying an additional 2,103,522 shares during the period. 83.98% of the stock is currently owned by hedge funds and other institutional investors.

AIG has been the topic of several recent analyst reports. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation dropped their price target on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research report on Tuesday. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.35.

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American International Group, Inc. (NYSE:AIG) traded up 0.91% during mid-day trading on Friday, hitting $63.12. The stock had a trading volume of 1,244,304 shares. The stock’s 50-day moving average is $60.72 and its 200 day moving average is $62.21. The company’s market capitalization is $57.02 billion. 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 released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities analysts forecast that American International Group, Inc. will post $3.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. American International Group’s dividend payout ratio is currently -711.07%.

American International Group 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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