Traders sold shares of American International Group, Inc. (NYSE:AIG) on strength during trading on Thursday. $33.84 million flowed into the stock on the tick-up and $69.63 million flowed out of the stock on the tick-down, for a money net flow of $35.79 million out of the stock. Of all companies tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $0.38 for the day and closed at $60.50

AIG has been the topic of a number of research reports. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, July 5th. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. BidaskClub downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. 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. Finally, Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.96.

The company’s 50-day moving average is $61.67 and its 200 day moving average is $62.35. The firm’s market cap is $54.85 billion.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.33. The company 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 last year, the firm earned $0.98 earnings per share. On average, analysts expect that American International Group, Inc. will post $5.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. 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 -711.07%.

Hedge funds have recently bought and sold shares of the business. Israel Discount Bank of New York acquired a new stake in American International Group during the first quarter worth $145,000. Peddock Capital Advisors LLC increased its stake in 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 worth $159,000 after acquiring an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in 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 worth $165,000 after acquiring an additional 14 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in 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 worth $192,000 after acquiring an additional 716 shares during the last quarter. Finally, Signaturefd LLC acquired a new stake in American International Group during the first quarter worth $202,000. 83.97% of the stock is owned by institutional investors.

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American International Group Company 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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