Pennsylvania Trust Co cut its stake in shares of American International Group Inc. (NYSE:AIG) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,019 shares of the insurance provider’s stock after selling 708 shares during the period. Pennsylvania Trust Co’s holdings in American International Group were worth $4,689,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new stake in American International Group during the second quarter valued at about $143,219,000. Standard Life Investments LTD raised its stake in American International Group by 0.7% in the second quarter. Standard Life Investments LTD now owns 4,559,523 shares of the insurance provider’s stock valued at $241,085,000 after buying an additional 33,662 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in American International Group by 3.8% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,672,760 shares of the insurance provider’s stock valued at $88,472,000 after buying an additional 61,300 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in American International Group by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 327,970 shares of the insurance provider’s stock valued at $17,347,000 after buying an additional 7,592 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in American International Group during the second quarter valued at about $17,713,000. 82.98% of the stock is owned by institutional investors and hedge funds.

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

American International Group Inc. (NYSE:AIG) traded down 0.05% during trading on Tuesday, hitting $63.28. The company’s stock had a trading volume of 4,826,282 shares. American International Group Inc. has a one year low of $48.41 and a one year high of $64.72. The company has a 50-day moving average of $61.50 and a 200 day moving average of $57.85. The firm has a market cap of $65.00 billion, a PE ratio of 206.12 and a beta of 1.37.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same quarter last year, the company earned $0.52 EPS. On average, equities analysts forecast that American International Group Inc. will post $3.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Tuesday, December 6th. American International Group’s dividend payout ratio is currently 290.92%.

TRADEMARK VIOLATION WARNING: This story was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be read at http://www.dailypolitical.com/2016/11/29/pennsylvania-trust-co-sells-708-shares-of-american-international-group-inc-aig.html.

AIG has been the subject of several analyst reports. Vetr raised American International Group from a “hold” rating to a “buy” rating and set a $67.85 price objective for the company in a research note on Tuesday, November 1st. TheStreet upgraded American International Group from a “hold” rating to a “buy” rating in a report on Monday, October 10th. BMO Capital Markets increased their price target on American International Group from $58.86 to $64.00 and gave the stock a “market perform” rating in a report on Monday, August 22nd. Zacks Investment Research upgraded American International Group from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Tuesday, October 4th. Finally, Credit Suisse Group AG set a $60.00 price target on American International Group and gave the stock a “hold” rating in a report on Monday, September 12th. Seven analysts have rated the stock with a hold rating, eighteen 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 “Buy” and an average target price of $65.62.

About American International Group

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.

5 Day Chart for NYSE:AIG

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group Inc. (NYSE:AIG).

Receive News & Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.