American Century Companies Inc. Sells 3,420 Shares of American International Group, Inc. (AIG)

American Century Companies Inc. lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 13.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,190 shares of the insurance provider’s stock after selling 3,420 shares during the period. American Century Companies Inc.’s holdings in American International Group were worth $1,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Granite Capital LLC boosted its stake in American International Group by 11.8% during the first quarter. Blue Granite Capital LLC now owns 38,000 shares of the insurance provider’s stock worth $2,372,000 after buying an additional 4,000 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in American International Group by 12.3% during the first quarter. Epoch Investment Partners Inc. now owns 4,342,201 shares of the insurance provider’s stock worth $271,084,000 after buying an additional 474,434 shares in the last quarter. Bank of Nova Scotia boosted its stake in American International Group by 868.2% during the first quarter. Bank of Nova Scotia now owns 213,547 shares of the insurance provider’s stock worth $13,332,000 after buying an additional 191,490 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in American International Group by 23.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,029 shares of the insurance provider’s stock worth $4,309,000 after buying an additional 13,093 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in American International Group by 46.9% during the first quarter. NN Investment Partners Holdings N.V. now owns 10,452 shares of the insurance provider’s stock worth $652,000 after buying an additional 3,337 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

American International Group, Inc. (AIG) opened at 59.62 on Friday. The company has a 50 day moving average price of $62.01 and a 200-day moving average price of $62.44. The company’s market capitalization is $53.86 billion. American International Group, Inc. has a 12-month low of $57.35 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period last year, the firm posted $0.98 earnings per share. On average, analysts anticipate that American International Group, Inc. will post $5.27 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, September 14th. American International Group’s payout ratio is -711.07%.

Several brokerages have recently commented on AIG. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of American International Group in a research note on Wednesday, September 6th. BidaskClub downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Finally, Deutsche Bank AG restated a “sell” rating and issued a $60.00 target price (up previously from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, five 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 company has an average rating of “Hold” and an average target price of $68.08.

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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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