Traders bought shares of American International Group, Inc. (NYSE:AIG) on weakness during trading hours on Thursday. $87.47 million flowed into the stock on the tick-up and $59.95 million flowed out of the stock on the tick-down, for a money net flow of $27.52 million into the stock. Of all companies tracked, American International Group had the 14th highest net in-flow for the day. American International Group traded down ($1.20) for the day and closed at $58.27

A number of analysts recently issued reports on AIG shares. Morgan Stanley raised American International Group from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $62.87 to $61.82 in a research report on Tuesday, May 16th. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Wednesday, July 5th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub cut American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 target price on shares of American International Group in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group presently has a consensus rating of “Buy” and a consensus target price of $69.15.

The stock has a 50-day moving average price of $62.64 and a 200 day moving average price of $62.56. The firm’s market capitalization is $54.01 billion.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, analysts anticipate that American International Group, Inc. will post $5.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIG. Boston Partners raised its holdings in shares of American International Group by 262.4% during the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after buying an additional 4,968,504 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of American International Group by 307.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after buying an additional 3,144,446 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of American International Group by 202.5% during the second quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after buying an additional 2,683,775 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of American International Group during the second quarter valued at approximately $134,359,000. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of American International Group by 27.1% during the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after buying an additional 2,103,522 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

WARNING: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/09/09/investors-buy-shares-of-american-international-group-inc-aig-on-weakness-3.html.

American International Group Company 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.