BlueCrest Capital Management Ltd Reduces Stake in American International Group, Inc. (AIG)

BlueCrest Capital Management Ltd cut its stake in American International Group, Inc. (NYSE:AIG) by 50.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,901 shares of the insurance provider’s stock after selling 45,179 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in American International Group were worth $2,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Capital Management LLC increased its stake in shares of American International Group by 4.0% in the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after acquiring an additional 1,760 shares during the last quarter. Girard Partners LTD. acquired a new position in shares of American International Group in the second quarter worth $215,000. Oppenheimer & Co. Inc. increased its stake in shares of American International Group by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after acquiring an additional 7,963 shares during the last quarter. AXA increased its stake in shares of American International Group by 113.5% in the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after acquiring an additional 218,583 shares during the last quarter. Finally, Allen Investment Management LLC increased its stake in shares of American International Group by 126.4% in the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after acquiring an additional 23,445 shares during the last quarter. 83.98% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/bluecrest-capital-management-ltd-reduces-stake-in-american-international-group-inc-aig.html.

American International Group, Inc. (NYSE:AIG) traded up 0.05% during midday trading on Tuesday, reaching $61.81. 476,187 shares of the company’s stock were exchanged. The company’s market cap is $55.84 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The firm has a 50-day moving average price of $60.64 and a 200 day moving average price of $62.20.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the previous year, the firm posted $0.98 EPS. Analysts anticipate that American International Group, Inc. will post $4.42 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s payout ratio is -711.07%.

AIG has been the topic of a number of research reports. Buckingham Research initiated coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target on the stock. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Three analysts have rated the st

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Capital Management LLC increased its stake in shares of American International Group by 4.0% in the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after acquiring an additional 1,760 shares during the last quarter. Girard Partners LTD. acquired a new position in shares of American International Group in the second quarter worth $215,000. Oppenheimer & Co. Inc. increased its stake in shares of American International Group by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after acquiring an additional 7,963 shares during the last quarter. AXA increased its stake in shares of American International Group by 113.5% in the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after acquiring an additional 218,583 shares during the last quarter. Finally, Allen Investment Management LLC increased its stake in shares of American International Group by 126.4% in the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after acquiring an additional 23,445 shares during the last quarter. 83.98% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/bluecrest-capital-management-ltd-reduces-stake-in-american-international-group-inc-aig.html.

American International Group, Inc. (NYSE:AIG) traded up 0.05% during midday trading on Tuesday, reaching $61.81. 476,187 shares of the company’s stock were exchanged. The company’s market cap is $55.84 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The firm has a 50-day moving average price of $60.64 and a 200 day moving average price of $62.20.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the previous year, the firm posted $0.98 EPS. Analysts anticipate that American International Group, Inc. will post $4.42 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s payout ratio is -711.07%.

AIG has been the topic of a number of research reports. Buckingham Research initiated coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target on the stock. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. American International Group currently has a consensus rating of “Hold” and an average price target of $68.31.

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.

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

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