Blue Granite Capital LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 82.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,653 shares of the insurance provider’s stock after selling 31,347 shares during the period. Blue Granite Capital LLC’s holdings in American International Group were worth $408,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peddock Capital Advisors LLC increased its position in shares of American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 1,271 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of American International Group in the 3rd quarter valued at about $200,000. Linscomb & Williams Inc. acquired a new position in shares of American International Group in the 2nd quarter valued at about $204,000. Finally, Crow Point Partners LLC acquired a new position in shares of American International Group in the 2nd quarter valued at about $213,000. 83.55% of the stock is owned by institutional investors.
Shares of American International Group, Inc. (NYSE AIG) traded up $0.28 during trading hours on Monday, hitting $62.28. 2,299,943 shares of the stock were exchanged, compared to its average volume of 5,241,574. The company has a market capitalization of $55,735.48, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 1.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.27 and a current ratio of 0.27.
American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a positive return on equity of 3.41% and a negative net margin of 5.07%. During the same period in the prior year, the company posted $1.23 earnings per share. sell-side analysts expect that American International Group, Inc. will post 3.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio is currently -51.00%.
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Several research analysts have recently commented on AIG shares. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation decreased their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Friday, October 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.18.
American International Group Company 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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