American International Group, Inc. (AIG) Holdings Decreased by Wunderlich Capital Managemnt

Wunderlich Capital Managemnt lowered its holdings in American International Group, Inc. (NYSE:AIG) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,841 shares of the insurance provider’s stock after selling 72 shares during the period. Wunderlich Capital Managemnt’s holdings in American International Group were worth $178,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. EagleClaw Capital Managment LLC raised its holdings in shares of American International Group by 8.2% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 26,900 shares of the insurance provider’s stock valued at $1,689,000 after acquiring an additional 2,050 shares in the last quarter. Linscomb & Williams Inc. purchased a new stake in shares of American International Group in the 2nd quarter valued at about $204,000. Scotia Capital Inc. raised its holdings in shares of American International Group by 9.6% in the 2nd quarter. Scotia Capital Inc. now owns 272,499 shares of the insurance provider’s stock valued at $17,035,000 after acquiring an additional 23,909 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of American International Group by 52.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 74,403 shares of the insurance provider’s stock valued at $4,652,000 after acquiring an additional 25,541 shares in the last quarter. Finally, Princeton Portfolio Strategies Group LLC purchased a new stake in shares of American International Group in the 2nd quarter valued at about $438,000. 83.98% of the stock is currently owned by hedge funds and other institutional investors.

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American International Group, Inc. (NYSE:AIG) traded up 1.20% on Friday, hitting $63.30. The stock had a trading volume of 1,732,553 shares. American International Group, Inc. has a 1-year low of $57.35 and a 1-year high of $67.47. The stock’s 50-day moving average is $60.72 and its 200 day moving average is $62.21. The firm’s market capitalization is $57.19 billion.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter last year, the firm earned $0.98 EPS. On average, equities research analysts predict that American International Group, Inc. will post $3.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.05%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

AIG has been the topic of several recent analyst reports. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, July 5th. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. Finally, Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $68.35.

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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