American International Group Inc (AIG) Holdings Trimmed by Somerset Trust Co

Somerset Trust Co decreased its position in American International Group Inc (NYSE:AIG) by 6.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,622 shares of the insurance provider’s stock after selling 1,924 shares during the period. Somerset Trust Co’s holdings in American International Group were worth $1,586,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in American International Group by 1.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock valued at $250,000 after buying an additional 68 shares in the last quarter. Roundview Capital LLC increased its holdings in American International Group by 0.7% in the second quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock valued at $647,000 after buying an additional 75 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings in American International Group by 4.4% in the second quarter. First Allied Advisory Services Inc. now owns 7,541 shares of the insurance provider’s stock valued at $472,000 after buying an additional 319 shares in the last quarter. Moors & Cabot Inc. increased its holdings in American International Group by 6.6% in the second quarter. Moors & Cabot Inc. now owns 8,062 shares of the insurance provider’s stock valued at $503,000 after buying an additional 502 shares in the last quarter. Finally, Caxton Associates LP increased its holdings in American International Group by 10.8% in the second quarter. Caxton Associates LP now owns 8,200 shares of the insurance provider’s stock valued at $513,000 after buying an additional 800 shares in the last quarter. 85.89% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Friday, November 3rd. Barclays cut their target price 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. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 target price on shares of American International Group in a research note on Wednesday, December 6th. Finally, ValuEngine cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.41.

American International Group Inc (AIG) traded up $0.38 on Wednesday, reaching $61.45. 2,980,000 shares of the company were exchanged, compared to its average volume of 4,880,000. The firm has a market capitalization of $55,240.00, a price-to-earnings ratio of -24.68, a PEG ratio of 1.00 and a beta of 1.18. American International Group Inc has a 52-week low of $57.85 and a 52-week high of $67.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The business 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 previous year, the firm posted $1.23 earnings per share. equities analysts anticipate that American International Group Inc will post 2.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a yield of 2.08%. American International Group’s payout ratio is presently -51.41%.

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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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