Howard Hughes Medical Institute cut its stake in American International Group, Inc. (NYSE:AIG) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,591 shares of the insurance provider’s stock after selling 12,083 shares during the period. Howard Hughes Medical Institute’s holdings in American International Group were worth $3,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AIG. Canada Pension Plan Investment Board lifted its stake in American International Group by 12.6% in the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after acquiring an additional 1,300,900 shares during the period. TIAA CREF Investment Management LLC lifted its stake in American International Group by 27.1% in the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after acquiring an additional 2,103,522 shares during the period. Alliancebernstein L.P. lifted its stake in American International Group by 1.7% in the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock worth $589,743,000 after acquiring an additional 159,529 shares during the period. Bank of New York Mellon Corp lifted its stake in American International Group by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock worth $556,681,000 after acquiring an additional 584,450 shares during the period. Finally, Boston Partners lifted its stake in American International Group by 262.4% in the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock worth $429,003,000 after acquiring an additional 4,968,504 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

American International Group, Inc. (AIG) traded down 0.32% during trading on Friday, hitting $59.62. 9,334,444 shares of the stock traded hands. The company’s 50 day moving average price is $62.01 and its 200 day moving average price is $62.44. The company’s market cap is $53.86 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 posted its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion during 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 business earned $0.98 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post $5.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s payout ratio is -711.07%.

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A number of research firms recently weighed in on AIG. Buckingham Research began coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective for the company. Deutsche Bank AG reaffirmed a “sell” rating and issued a $60.00 price objective (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Wednesday, August 9th. BidaskClub lowered shares of American International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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.

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

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