Nikko Asset Management Americas Inc. continued to hold its stake in American International Group, Inc. (NYSE:AIG) during the third quarter, Holdings Channel reports. The firm owned 8,000 shares of the insurance provider’s stock at the end of the third quarter. Nikko Asset Management Americas Inc.’s holdings in American International Group were worth $475,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AIG. Capital Research Global Investors boosted its stake in 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 worth $3,686,965,000 after buying an additional 13,367,970 shares in the last quarter. Cohen & Steers Inc. boosted its stake in 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 worth $454,846,000 after buying an additional 8,432,725 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in American International Group during the second quarter worth about $143,219,000. Alliancebernstein L.P. boosted its stake in 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 worth $531,296,000 after buying an additional 1,159,555 shares in the last quarter. Finally, FMR LLC boosted its stake in American International Group by 14.7% in the second quarter. FMR LLC now owns 7,358,728 shares of the insurance provider’s stock worth $389,203,000 after buying an additional 943,287 shares in the last quarter. Institutional investors and hedge funds own 82.89% of the company’s stock.

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

American International Group, Inc. (NYSE:AIG) traded up 0.15% on Friday, hitting $66.35. The stock had a trading volume of 5,391,474 shares. The stock has a market capitalization of $68.15 billion, a price-to-earnings ratio of 216.12 and a beta of 1.34. American International Group, Inc. has a 52 week low of $48.41 and a 52 week high of $67.47. The company has a 50-day moving average price of $65.59 and a 200-day moving average price of $60.17.

American International Group (NYSE:AIG) last announced its 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 quarter in the prior year, the firm posted $0.52 EPS. Equities research analysts anticipate that American International Group, Inc. will post $3.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Thursday, December 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.93%. The ex-dividend date was Tuesday, December 6th. American International Group’s payout ratio is presently 290.92%.

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AIG has been the topic of several recent analyst reports. Barclays PLC boosted their price target on American International Group from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, September 30th. Zacks Investment Research lowered American International Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Credit Suisse Group initiated coverage on American International Group in a research note on Friday, October 7th. They issued a “neutral” rating and a $60.00 price target on the stock. FBR & Co boosted their price target on American International Group from $57.00 to $64.00 and gave the company a “mkt perform” rating in a research note on Monday, November 28th. Finally, TheStreet raised American International Group from a “hold” rating to a “buy” rating in a research note on Monday, October 10th. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.12.

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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