Standard Life Investments LTD cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 35.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,884,095 shares of the insurance provider’s stock after selling 1,608,810 shares during the period. Standard Life Investments LTD owned approximately 0.31% of American International Group worth $180,357,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Israel Discount Bank of New York purchased a new stake in shares of American International Group during the first quarter valued at $145,000. Peddock Capital Advisors LLC boosted its position in shares of American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of American International Group by 0.5% during the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after buying an additional 14 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the last quarter. Finally, Lincoln National Corp purchased a new stake in shares of American International Group during the first quarter valued at $202,000. 84.02% of the stock is currently owned by institutional investors.

Several research firms recently commented on AIG. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. BidaskClub raised American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reissued a “sell” rating and issued a $60.00 target price (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $68.08.

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Shares of American International Group, Inc. (NYSE:AIG) traded down 0.85% during mid-day trading on Wednesday, reaching $60.68. The company had a trading volume of 1,608,504 shares. The company’s market capitalization is $54.82 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The stock has a 50 day moving average of $62.54 and a 200-day moving average of $62.52.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the 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 firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter last year, the firm earned $0.98 earnings per share. On average, analysts expect that American International Group, Inc. will post $5.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.32 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.09%. American International Group’s dividend payout ratio is presently -711.07%.

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.

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

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