American International Group, Inc. (AIG) Stake Lessened by Seizert Capital Partners LLC

Seizert Capital Partners LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,944 shares of the insurance provider’s stock after selling 22,818 shares during the quarter. Seizert Capital Partners LLC’s holdings in American International Group were worth $23,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in AIG. Canada Pension Plan Investment Board increased its position in American International Group by 12.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock valued at $727,222,000 after buying an additional 1,300,900 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in American International Group by 27.1% in the 2nd 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 in the last quarter. Alliancebernstein L.P. increased its position in American International Group by 1.7% in the 2nd quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock valued at $589,743,000 after buying an additional 159,529 shares in the last quarter. Bank of New York Mellon Corp increased its position in American International Group by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock valued at $556,681,000 after buying an additional 584,450 shares in the last quarter. Finally, Boston Partners increased its position in American International Group by 262.4% in the 2nd 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 in the last quarter. 83.64% of the stock is currently owned by institutional investors.

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American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.41%. During the same period last year, the business earned $1.23 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.07%. American International Group’s dividend payout ratio (DPR) is currently -51.00%.

AIG has been the subject of a number of research analyst reports. BidaskClub lowered American International Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Bank of America Corporation decreased their target price on American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $68.18.

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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