Traders purchased shares of American International Group Inc. (NYSE:AIG) on weakness during trading hours on Thursday. $53.45 million flowed into the stock on the tick-up and $23.59 million flowed out of the stock on the tick-down, for a money net flow of $29.86 million into the stock. Of all companies tracked, American International Group had the 12th highest net in-flow for the day. American International Group traded down ($0.05) for the day and closed at $58.98

Several equities research analysts have issued reports on AIG shares. Evercore ISI started coverage on American International Group in a research note on Wednesday, July 6th. They set a “buy” rating and a $62.00 price target for the company. Vetr lowered American International Group from a “buy” rating to a “hold” rating and set a $55.52 target price for the company. in a research note on Monday, July 18th. Wells Fargo & Co. raised American International Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 26th. FBR & Co reissued a “hold” rating and issued a $53.00 target price on shares of American International Group in a research note on Thursday, August 4th. Finally, Bank of America Corp. reissued a “buy” rating on shares of American International Group in a research note on Thursday, June 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $64.51.

The firm’s 50-day moving average is $55.71 and its 200-day moving average is $54.57. The stock’s market cap is $63.02 billion.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. During the same quarter last year, the company posted $1.39 earnings per share. Equities analysts predict that American International Group Inc. will post $4.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.17%.

Other hedge funds recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in American International Group by 87.7% in the fourth quarter. Victory Capital Management Inc. now owns 33,597 shares of the insurance provider’s stock worth $2,082,000 after buying an additional 15,698 shares in the last quarter. Braver Wealth Management LLC boosted its stake in American International Group by 3.3% in the fourth quarter. Braver Wealth Management LLC now owns 48,286 shares of the insurance provider’s stock worth $2,992,000 after buying an additional 1,551 shares in the last quarter. Airain ltd boosted its stake in American International Group by 1,095.9% in the fourth quarter. Airain ltd now owns 175,856 shares of the insurance provider’s stock worth $10,898,000 after buying an additional 161,151 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in American International Group by 10.1% in the fourth quarter. I.G. Investment Management LTD. now owns 1,968,869 shares of the insurance provider’s stock worth $122,011,000 after buying an additional 181,285 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in American International Group by 3.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,513,896 shares of the insurance provider’s stock worth $217,757,000 after buying an additional 102,055 shares in the last quarter.

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

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