Pitcairn Co. reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 8.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,979 shares of the insurance provider’s stock after selling 924 shares during the period. Pitcairn Co.’s holdings in American International Group were worth $613,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Lyell Wealth Management LP boosted its holdings in shares of American International Group by 0.5% during the second quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock worth $225,000 after purchasing an additional 18 shares during the period. First Personal Financial Services boosted its holdings in shares of American International Group by 0.6% during the second quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 38 shares during the period. Usca Ria LLC boosted its holdings in shares of American International Group by 0.4% during the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after purchasing an additional 50 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of American International Group by 1.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 68 shares during the period. Finally, Roundview Capital LLC boosted its holdings in shares of American International Group by 0.7% during the second quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock worth $647,000 after purchasing an additional 75 shares during the period. Institutional investors own 83.55% of the company’s stock.

American International Group, Inc. (NYSE:AIG) traded down $0.18 during trading hours on Friday, hitting $62.06. 4,413,009 shares of the stock were exchanged, compared to its average volume of 5,455,637. American International Group, Inc. has a 1 year low of $57.90 and a 1 year high of $67.47. The company has a current ratio of 0.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $55,951.23, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.23.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The firm had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.05 billion. During the same quarter in the previous year, the company earned $1.23 EPS. sell-side analysts forecast that American International Group, Inc. will post 2.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is -51.00%.

A number of equities analysts recently issued reports on AIG shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price target on shares of American International Group in a research note on Thursday, August 3rd. 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. BidaskClub raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Bank of America Corporation downgraded shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target for the company. in a research note on Friday, November 3rd. Finally, Deutsche Bank AG reissued a “sell” rating and issued a $60.00 price target (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.18.

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About American International Group

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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