Keybank National Association OH Has $1.03 Million Position in American International Group, Inc. (NYSE:AIG)

Keybank National Association OH lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,389 shares of the insurance provider’s stock after selling 1,797 shares during the quarter. Keybank National Association OH’s holdings in American International Group were worth $1,025,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Boston Partners grew its position in American International Group by 262.4% in the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock worth $429,003,000 after acquiring an additional 4,968,504 shares during the period. Prudential Financial Inc. boosted its position in shares of American International Group by 202.5% during the second quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock worth $250,655,000 after buying an additional 2,683,775 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of American International Group by 12.6% during the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after buying an additional 1,300,900 shares during the period. Neuberger Berman Group LLC boosted its position in shares of American International Group by 1,334.1% during the second quarter. Neuberger Berman Group LLC now owns 1,227,754 shares of the insurance provider’s stock worth $76,759,000 after buying an additional 1,142,143 shares during the period. Finally, TD Asset Management Inc. boosted its position in shares of American International Group by 49.4% during the first quarter. TD Asset Management Inc. now owns 3,245,019 shares of the insurance provider’s stock worth $202,587,000 after buying an additional 1,073,157 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

AIG has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 target price on shares of American International Group in a research report on Wednesday, September 6th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, July 5th. BidaskClub raised American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price objective on shares of American International Group in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. American International Group has an average rating of “Hold” and a consensus target price of $68.08.

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American International Group, Inc. (AIG) traded down 0.28% during mid-day trading on Thursday, reaching $60.25. The company’s stock had a trading volume of 214,486 shares. The firm’s 50 day moving average is $62.45 and its 200-day moving average is $62.51. American International Group, Inc. has a 12-month low of $57.35 and a 12-month high of $67.47. The company’s market cap is $54.43 billion.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Equities analysts anticipate that American International Group, Inc. will post $5.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 2.11%. American International Group’s payout ratio is currently -711.07%.

American International Group Company 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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