Neuberger Berman Group LLC lifted its position in shares of American International Group Inc (NYSE:AIG) by 1,334.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,227,754 shares of the insurance provider’s stock after purchasing an additional 1,142,143 shares during the quarter. Neuberger Berman Group LLC owned 0.13% of American International Group worth $76,759,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AIG. Israel Discount Bank of New York bought a new stake in American International Group in the 1st quarter valued at $145,000. Peddock Capital Advisors LLC lifted its position in American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after acquiring an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after acquiring an additional 14 shares in the last quarter. FTB Advisors Inc. lifted its position in American International Group by 147.9% in the 1st quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 1,711 shares in the last quarter. Finally, Lincoln National Corp bought a new stake in American International Group in the 1st quarter valued at $202,000. 84.02% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on AIG. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Sunday, August 13th. Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Wednesday, August 9th. Buckingham Research assumed coverage on shares of American International Group in a research note on Monday. They issued an “underperform” rating and a $52.00 price target on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 price objective on shares of American International Group in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG restated a “sell” rating and set a $60.00 price objective (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned 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.
Shares of American International Group Inc (NYSE AIG) traded down 0.32% during mid-day trading on Friday, hitting $59.62. 9,334,444 shares of the stock were exchanged. The stock’s market capitalization is $53.86 billion. American International Group Inc has a 52 week low of $57.35 and a 52 week high of $67.47. The stock’s 50-day moving average is $62.01 and its 200-day moving average is $62.44.
American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. American International Group had a net margin of 8.84% and a return on equity of 6.09%. During the same period in the prior year, the firm posted $0.98 EPS. Analysts forecast 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. Investors of record on Friday, September 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, September 14th. American International Group’s dividend payout ratio is -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.
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