Rock Point Advisors LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,550 shares of the insurance provider’s stock, valued at approximately $2,535,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Capital Management LLC raised its stake in American International Group by 4.0% during the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after buying an additional 1,760 shares during the last quarter. Girard Partners LTD. bought a new position in American International Group during the second quarter worth $215,000. Allen Investment Management LLC raised its stake in American International Group by 126.4% during the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after buying an additional 23,445 shares during the last quarter. Prudential Financial Inc. raised its stake in 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 worth $250,655,000 after buying an additional 2,683,775 shares during the last quarter. Finally, Tredje AP fonden raised its stake in American International Group by 42.8% during the second quarter. Tredje AP fonden now owns 144,586 shares of the insurance provider’s stock worth $9,040,000 after buying an additional 43,357 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

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

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Shares of American International Group, Inc. (AIG) traded down 1.26% on Thursday, hitting $59.66. 1,248,818 shares of the stock were exchanged. The company has a 50-day moving average price of $62.45 and a 200 day moving average price of $62.51. The company’s market cap is $53.90 billion. American International Group, Inc. has a 12 month low of $57.35 and a 12 month high of $67.47.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. During the same period in the prior year, the business earned $0.98 EPS. Equities analysts forecast that American International Group, Inc. will post $5.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.11%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

American International Group 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.

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

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