Utah Retirement Systems held its position in American International Group Inc. (NYSE:AIG) during the third quarter, Holdings Channel reports. The firm owned 203,163 shares of the insurance provider’s stock at the end of the third quarter. Utah Retirement Systems’ holdings in American International Group were worth $12,056,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Capital Research Global Investors raised its stake in shares of American International Group by 23.7% in the second quarter. Capital Research Global Investors now owns 69,710,055 shares of the insurance provider’s stock valued at $3,686,965,000 after buying an additional 13,367,970 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of American International Group by 4,949.7% in the second quarter. Cohen & Steers Inc. now owns 8,603,093 shares of the insurance provider’s stock valued at $454,846,000 after buying an additional 8,432,725 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of American International Group during the second quarter valued at about $143,219,000. Alliancebernstein L.P. raised its stake in shares of American International Group by 13.0% in the second quarter. Alliancebernstein L.P. now owns 10,045,304 shares of the insurance provider’s stock valued at $531,296,000 after buying an additional 1,159,555 shares during the last quarter. Finally, Hexavest Inc. purchased a new stake in shares of American International Group during the second quarter valued at about $54,956,000. 82.98% of the stock is currently owned by institutional investors and hedge funds.

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

American International Group Inc. (NYSE:AIG) traded up 0.687% on Wednesday, reaching $63.715. The company’s stock had a trading volume of 2,341,882 shares. American International Group Inc. has a one year low of $48.41 and a one year high of $64.72. The firm has a 50-day moving average of $61.50 and a 200-day moving average of $57.85. The company has a market capitalization of $65.44 billion, a PE ratio of 207.541 and a beta of 1.37.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 period last year, the company earned $0.52 earnings per share. Analysts predict that American International Group Inc. will post $3.77 EPS for the current year.

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

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AIG has been the topic of several research reports. Credit Suisse Group AG set a $61.00 target price on American International Group and gave the company a “hold” rating in a research note on Sunday, November 20th. TheStreet upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Monday, October 10th. BMO Capital Markets boosted their target price on American International Group from $58.86 to $64.00 and gave the company a “market perform” rating in a research note on Monday, August 22nd. FBR & Co restated 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, Zacks Investment Research lowered American International Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Seven research 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 company’s stock. The company presently 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

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