Bremer Trust National Association Sells 12,948 Shares of American International Group, Inc. (AIG)

Bremer Trust National Association lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 54.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,663 shares of the insurance provider’s stock after selling 12,948 shares during the quarter. Bremer Trust National Association’s holdings in American International Group were worth $655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathstone Family Office LLC boosted its position in American International Group by 2,557.1% during the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after acquiring an additional 1,432 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in 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 valued at $159,000 after acquiring an additional 1,271 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in 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 valued at $192,000 after acquiring an additional 716 shares in the last quarter. Linscomb & Williams Inc. bought a new stake in American International Group during the 2nd quarter valued at $204,000. Finally, Waldron LP bought a new stake in American International Group during the 1st quarter valued at $208,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

AIG has been the topic of several recent research reports. Zacks Investment Research raised 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. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub cut American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Thursday, August 3rd. Finally, Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Wednesday, August 9th. Four 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. The company currently has a consensus rating of “Hold” and an average target price of $68.18.

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Shares of American International Group, Inc. (NYSE:AIG) traded up 0.704% during mid-day trading on Wednesday, reaching $65.065. The company’s stock had a trading volume of 316,819 shares. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The company’s 50-day moving average is $62.28 and its 200-day moving average is $62.49. The stock’s market capitalization is $58.78 billion.

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 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 company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities analysts predict that American International Group, Inc. will post $3.39 EPS for the current year.

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.

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

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