Rothschild Investment Corp IL Has $4.72 Million Stake in American International Group, Inc. (AIG)

Rothschild Investment Corp IL reduced its position in American International Group, Inc. (NYSE:AIG) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,916 shares of the insurance provider’s stock after selling 2,515 shares during the quarter. Rothschild Investment Corp IL’s holdings in American International Group were worth $4,722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AIG. Peddock Capital Advisors LLC increased its holdings in American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the last quarter. Signaturefd LLC bought a new stake in American International Group in the first quarter valued at about $202,000. Linscomb & Williams Inc. bought a new stake in American International Group in the second quarter valued at about $204,000. Finally, Waldron LP bought a new stake in American International Group in the first quarter valued at about $208,000. 83.91% of the stock is owned by hedge funds and other institutional investors.

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AIG has been the subject of several research analyst reports. Buckingham Research initiated coverage on American International Group in a report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective for the company. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Four analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group currently has a consensus rating of “Hold” and a consensus price target of $68.18.

Shares of American International Group, Inc. (NYSE:AIG) traded down 0.46% during trading on Friday, hitting $64.55. The stock had a trading volume of 4,020,238 shares. The stock’s market cap is $58.31 billion. The stock’s 50-day moving average price is $62.03 and its 200 day moving average price is $62.41. American International Group, Inc. has a one year low of $57.35 and a one year high of $67.47.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, equities analysts forecast that American International Group, Inc. will post $3.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 1.98%. American International Group’s dividend payout ratio is -711.07%.

About American International Group

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.

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

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