American International Group, Inc. (NYSE:AIG) Holdings Trimmed by Brandes Investment Partners LP

Brandes Investment Partners LP lowered its position in American International Group, Inc. (NYSE:AIG) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,704,503 shares of the insurance provider’s stock after selling 293,354 shares during the quarter. American International Group comprises about 1.7% of Brandes Investment Partners LP’s portfolio, making the stock its 23rd largest position. Brandes Investment Partners LP owned 0.18% of American International Group worth $106,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AIG. Chicago Partners Investment Group LLC increased its position in American International Group by 0.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after purchasing an additional 14 shares during the period. Lyell Wealth Management LP boosted its holdings in shares of American International Group by 0.5% in the 2nd quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock valued at $225,000 after buying an additional 18 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of American International Group by 0.6% in the 2nd quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock valued at $391,000 after buying an additional 38 shares in the last quarter. Usca Ria LLC boosted its holdings in shares of American International Group by 0.4% in the 2nd quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock valued at $719,000 after buying an additional 50 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in American International Group by 1.4% in the 1st quarter. Great Lakes Advisors LLC now owns 7,079 shares of the insurance provider’s stock worth $442,000 after purchasing an additional 96 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on AIG. Buckingham Research assumed coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and set a $73.00 price objective on shares of American International Group in a research note on Wednesday, September 6th. BidaskClub lowered shares of American International Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Deutsche Bank AG reissued a “sell” rating and issued a $60.00 price target (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Finally, Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Wednesday, August 9th. Three 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.08.

Shares of American International Group, Inc. (NYSE AIG) opened at 59.62 on Friday. The firm’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. The stock has a 50 day moving average price of $62.01 and a 200 day moving average price of $62.44.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion during 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 quarter in the prior year, the firm posted $0.98 EPS. Equities analysts anticipate that American International Group, Inc. will post $5.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend 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 payout ratio is presently -711.07%.

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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.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)




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