Private Advisor Group LLC reduced its stake in American International Group, Inc. (NYSE:AIG) by 68.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,414 shares of the insurance provider’s stock after selling 35,962 shares during the quarter. Private Advisor Group LLC’s holdings in American International Group were worth $1,035,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AIG. Boston Partners grew its holdings in American International Group by 262.4% in the 2nd 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 in the last quarter. Prudential Financial Inc. grew its holdings in American International Group by 202.5% in the 2nd 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 in the last quarter. Canada Pension Plan Investment Board grew its holdings in American International Group by 12.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock valued at $727,222,000 after buying an additional 1,300,900 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in American International Group by 1,334.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,227,754 shares of the insurance provider’s stock valued at $76,759,000 after buying an additional 1,142,143 shares in the last quarter. Finally, TD Asset Management Inc. grew its holdings in American International Group by 49.4% in the 1st quarter. TD Asset Management Inc. now owns 3,245,019 shares of the insurance provider’s stock valued at $202,587,000 after buying an additional 1,073,157 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

AIG has been the subject of several analyst reports. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Zacks Investment Research upgraded American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Wednesday, July 5th. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 target price on shares of American International Group in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of American International Group in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $69.15.

Shares of American International Group, Inc. (NYSE AIG) opened at 59.78 on Monday. The firm’s market cap is $54.01 billion. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The firm has a 50-day moving average price of $62.64 and a 200-day moving average price of $62.56.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Analysts predict that American International Group, Inc. will post $5.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, September 14th. American International Group’s payout ratio is -711.07%.

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About American International Group

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.

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

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