Amalgamated Bank boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 47.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,847 shares of the insurance provider’s stock after buying an additional 33,595 shares during the quarter. Amalgamated Bank’s holdings in American International Group were worth $6,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Chicago Partners Investment Group LLC lifted its holdings in shares of American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after purchasing an additional 14 shares in the last quarter. Lyell Wealth Management LP lifted its holdings in shares of American International Group by 0.5% in the second quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock valued at $225,000 after purchasing an additional 18 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of American International Group by 0.6% in the second quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock valued at $391,000 after purchasing an additional 38 shares in the last quarter. Usca Ria LLC lifted its holdings in shares of American International Group by 0.4% in the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock valued at $719,000 after purchasing an additional 50 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of American International Group by 1.4% in the first quarter. Great Lakes Advisors LLC now owns 7,079 shares of the insurance provider’s stock valued at $442,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

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American International Group, Inc. (NYSE:AIG) traded down 0.543% during trading on Friday, reaching $59.485. 2,024,231 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $62.16 and its 200-day moving average price is $62.47. The stock’s market capitalization is $53.74 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47.

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, topping the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period last year, the company posted $0.98 earnings per share. On average, equities analysts expect that American International Group, Inc. will post $5.27 EPS for the current 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s dividend payout ratio is currently -711.07%.

Several analysts have issued reports on the stock. Buckingham Research assumed coverage on shares of American International Group in a report on Monday. They issued an “underperform” rating and a $52.00 price target on the stock. Deutsche Bank AG reaffirmed a “sell” rating and issued a $60.00 price target (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Atlantic Securities downgraded shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Wednesday, August 9th. BidaskClub downgraded shares of American International Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.08.

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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