DekaBank Deutsche Girozentrale lessened its stake in American International Group, Inc. (NYSE:AIG) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 370,748 shares of the insurance provider’s stock after selling 1,687 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American International Group were worth $23,554,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Peddock Capital Advisors LLC lifted its holdings in shares of American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of American International Group in the 3rd quarter valued at about $200,000. Linscomb & Williams Inc. acquired a new position in shares of American International Group in the 2nd quarter valued at about $204,000. Finally, Crow Point Partners LLC acquired a new position in shares of American International Group in the 2nd quarter valued at about $213,000. 83.52% of the stock is owned by institutional investors and hedge funds.

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Shares of American International Group, Inc. (NYSE AIG) traded down $0.54 during trading on Wednesday, hitting $61.46. The stock had a trading volume of 6,799,900 shares, compared to its average volume of 5,938,173. The firm has a market cap of $55,735.48, a PE ratio of 24.70, a P/E/G ratio of 1.92 and a beta of 1.23. American International Group, Inc. has a fifty-two week low of $57.90 and a fifty-two week high of $67.47. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter in the prior year, the firm earned $1.23 earnings per share. research analysts forecast that American International Group, Inc. will post 2.93 earnings per share for the current fiscal year.

The business also recently announced 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 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio is currently -51.00%.

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research note on Thursday, August 3rd. BidaskClub upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Bank of America Corporation lowered 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, Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. American International Group presently has an average rating of “Hold” and a consensus price target of $68.18.

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.

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

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