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.
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