Vident Investment Advisory LLC bought a new position in shares of American International Group Inc (NYSE:AIG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,100 shares of the insurance provider’s stock, valued at approximately $620,000.
A number of other large investors also recently added to or reduced their stakes in AIG. Beach Investment Management LLC. purchased a new stake in American International Group during the 2nd quarter worth approximately $2,770,000. Alpine Woods Capital Investors LLC purchased a new stake in American International Group during the 2nd quarter worth approximately $221,000. First Personal Financial Services grew its position in American International Group by 0.6% during the 2nd quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 38 shares during the last quarter. Blair William & Co. IL grew its position in American International Group by 60.4% during the 2nd quarter. Blair William & Co. IL now owns 33,009 shares of the insurance provider’s stock worth $2,064,000 after purchasing an additional 12,427 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. grew its position in American International Group by 5.8% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 16,277 shares of the insurance provider’s stock worth $1,018,000 after purchasing an additional 895 shares during the last quarter. 86.10% of the stock is currently owned by institutional investors.
Several research firms have weighed in on AIG. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Barclays dropped their target price on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price on the stock. in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 target price on shares of American International Group in a research report on Wednesday, December 6th. Finally, ValuEngine downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. American International Group presently has a consensus rating of “Hold” and an average price target of $67.70.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The firm had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.05 billion. During the same period last year, the company posted $1.23 earnings per share. sell-side analysts predict that American International Group Inc will post 2.76 earnings per share for the current fiscal year.
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 issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is presently -51.00%.
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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.
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