Renaissance Technologies LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,149,060 shares of the insurance provider’s stock, valued at approximately $134,359,000. Renaissance Technologies LLC owned 0.23% of American International Group at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AIG. Waldron LP acquired a new stake in American International Group during the 1st quarter worth approximately $208,000. Carret Asset Management LLC boosted its position in American International Group by 35.5% during the 1st quarter. Carret Asset Management LLC now owns 6,925 shares of the insurance provider’s stock worth $432,000 after buying an additional 1,816 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in American International Group by 14.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,913 shares of the insurance provider’s stock worth $994,000 after buying an additional 1,983 shares during the period. Lockheed Martin Investment Management Co. acquired a new stake in American International Group during the 1st quarter worth approximately $1,186,000. Finally, Airain ltd acquired a new stake in American International Group during the 1st quarter worth approximately $12,864,000. Institutional investors and hedge funds own 83.97% of the company’s stock.

American International Group, Inc. (AIG) opened at 60.8001 on Monday. 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 $54.93 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 announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. During the same quarter last year, the firm posted $0.98 earnings per share. On average, equities analysts predict that American International Group, Inc. will post $5.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s payout ratio is -711.07%.

Several equities research analysts recently commented on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price target on shares of American International Group in a research report on Wednesday, September 6th. Deutsche Bank AG restated a “sell” rating and issued a $60.00 price target (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Finally, UBS AG dropped their price target on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group currently has a consensus rating of “Hold” and a consensus price target of $67.96.

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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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