Pacer Advisors Inc. raised its stake in American International Group, Inc. (NYSE:AIG) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,446 shares of the insurance provider’s stock after buying an additional 2,028 shares during the period. Pacer Advisors Inc.’s holdings in American International Group were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Alpine Woods Capital Investors LLC boosted its position in American International Group by 3,394.6% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 123,638 shares of the insurance provider’s stock valued at $7,590,000 after buying an additional 120,100 shares during the period. Point View Wealth Management Inc. bought a new stake in shares of American International Group in the 3rd quarter valued at about $1,829,000. Berkeley Capital Partners LLC bought a new stake in shares of American International Group in the 3rd quarter valued at about $633,000. Rational Advisors LLC raised its holdings in shares of American International Group by 100.0% in the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of American International Group by 11.8% in the 3rd quarter. Macquarie Group Ltd. now owns 43,500 shares of the insurance provider’s stock valued at $2,670,000 after purchasing an additional 4,600 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

American International Group, Inc. (NYSE AIG) traded down $0.27 during trading on Wednesday, reaching $59.36. 595,010 shares of the company traded hands, compared to its average volume of 5,921,919. American International Group, Inc. has a 52-week low of $57.90 and a 52-week high of $67.47. The firm has a market capitalization of $53,600.00, a PE ratio of 23.78, a P/E/G ratio of 1.93 and a beta of 1.23. 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 announced 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 analysts’ expectations 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 period last year, the business earned $1.23 EPS. research analysts anticipate that American International Group, Inc. will post 2.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is -51.41%.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Barclays PLC reduced their price objective on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Bank of America Corporation lowered shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research note on Friday, November 3rd. Finally, Deutsche Bank AG reiterated a “sell” rating and set a $60.00 price objective (up previously 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 given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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.

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

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