AMP Capital Investors Ltd Sells 38,481 Shares of American International Group Inc (AIG)

AMP Capital Investors Ltd lowered its stake in shares of American International Group Inc (NYSE:AIG) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 544,517 shares of the insurance provider’s stock after selling 38,481 shares during the quarter. AMP Capital Investors Ltd owned 0.06% of American International Group worth $33,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Peddock Capital Advisors LLC increased its holdings in American International Group by 100.0% in the second 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 last quarter. Rational Advisors LLC increased its holdings in American International Group by 100.0% in the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after buying an additional 1,500 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in American International Group by 30.3% in the second 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 last quarter. First Capital Advisors Group LLC. purchased a new position in American International Group in the third quarter valued at $200,000. Finally, Investment Centers of America Inc. purchased a new position in American International Group in the third quarter valued at $200,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on AIG shares. Buckingham Research started coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price objective on shares of American International Group in a research note on Wednesday, September 6th. Wells Fargo & Company set a $75.00 price objective on shares of American International Group and gave the company a “buy” rating in a research note on Tuesday, October 17th. Barclays decreased 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. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 price objective on shares of American International Group in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $67.70.

Shares of American International Group Inc (NYSE AIG) opened at $60.03 on Thursday. American International Group Inc has a 12 month low of $57.90 and a 12 month high of $67.47. The firm has a market cap of $53,515.05, a PE ratio of 23.72, a PEG ratio of 1.96 and a beta of 1.17. 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 consensus estimate of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. During the same quarter last year, the company posted $1.23 EPS. research analysts expect that American International Group Inc will post 2.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.28 annualized dividend and a dividend yield of 2.13%. American International Group’s dividend payout ratio (DPR) is -51.00%.

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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.

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

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