American International Group, Inc. (AIG) Stake Lifted by Axa

AXA boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 113.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 411,178 shares of the insurance provider’s stock after acquiring an additional 218,583 shares during the quarter. AXA’s holdings in American International Group were worth $25,707,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AIG. Canada Pension Plan Investment Board lifted its position in American International Group by 12.6% during 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 purchasing an additional 1,300,900 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 acquiring an additional 584,450 shares during the period. TIAA CREF Investment Management LLC raised its holdings in American International Group by 1.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 7,753,856 shares of the insurance provider’s stock worth $484,073,000 after buying an additional 116,955 shares during the period. Boston Partners raised its holdings in American International Group by 262.4% during the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock worth $429,003,000 after buying an additional 4,968,504 shares during the period. Finally, Pzena Investment Management LLC grew its stake in shares of American International Group by 1.1% during the 2nd quarter. Pzena Investment Management LLC now owns 6,460,619 shares of the insurance provider’s stock worth $403,918,000 after acquiring an additional 71,469 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

American International Group, Inc. (NYSE AIG) traded down 0.32% during mid-day trading on Friday, hitting $59.62. The stock had a trading volume of 9,334,444 shares. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The firm’s market cap is $53.86 billion. The company’s 50 day moving average price is $62.01 and its 200 day moving average price is $62.44.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations 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 EPS. Analysts anticipate that American International Group, Inc. will post $5.27 earnings per share for the current year.

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

Several research firms recently weighed in on AIG. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 target price on shares of American International Group in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “sell” rating and issued a $60.00 target price (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Finally, Atlantic Securities cut shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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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