grace capital purchased a new stake in American International Group Inc (NYSE:AIG) during the second quarter, HoldingsChannel reports. The firm purchased 5,000 shares of the insurance provider’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atlas Capital Advisors LLC bought a new position in American International Group during the 2nd quarter worth $115,000. Kaizen Advisory LLC increased its position in American International Group by 152.1% during the 2nd quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock worth $116,000 after buying an additional 1,325 shares during the period. Integrated Investment Consultants LLC increased its position in American International Group by 3,312.4% during the 2nd quarter. Integrated Investment Consultants LLC now owns 3,037 shares of the insurance provider’s stock worth $161,000 after buying an additional 2,948 shares during the period. Signaturefd LLC increased its position in American International Group by 102.0% during the 2nd quarter. Signaturefd LLC now owns 3,393 shares of the insurance provider’s stock worth $180,000 after buying an additional 1,713 shares during the period. Finally, Evergreen Capital Management LLC bought a new position in American International Group during the 1st quarter worth $214,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Several research analysts have weighed in on AIG shares. Wells Fargo & Co set a $62.00 price objective on American International Group and gave the stock a “buy” rating in a research report on Thursday, June 7th. Argus lowered their price objective on American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Zacks Investment Research upgraded American International Group from a “strong sell” rating to a “hold” rating and set a $60.00 price objective on the stock in a research report on Wednesday, July 4th. UBS Group upgraded American International Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $53.71 to $63.00 in a research report on Thursday, May 17th. Finally, ValuEngine upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $63.33.

AIG opened at $52.67 on Friday. The firm has a market cap of $46.48 billion, a PE ratio of 36.33, a P/E/G ratio of 1.04 and a beta of 1.28. American International Group Inc has a 52-week low of $49.57 and a 52-week high of $65.55. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55.

American International Group (NYSE:AIG) last released its earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.16). The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.71 billion. American International Group had a positive return on equity of 2.03% and a negative net margin of 13.67%. During the same period last year, the company posted $1.19 earnings per share. equities analysts forecast that American International Group Inc will post 4.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, September 14th. American International Group’s dividend payout ratio (DPR) is currently 53.33%.

American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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

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