grace capital Takes $265,000 Position in American International Group Inc (AIG)

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grace capital acquired a new stake in American International Group Inc (NYSE:AIG) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,000 shares of the insurance provider’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also modified their holdings of AIG. FMR LLC boosted its position in American International Group by 56.3% during the 2nd quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock worth $1,199,393,000 after acquiring an additional 8,149,702 shares during the last quarter. Franklin Resources Inc. boosted its position in American International Group by 3.5% during the 1st quarter. Franklin Resources Inc. now owns 21,547,420 shares of the insurance provider’s stock worth $1,172,611,000 after acquiring an additional 718,976 shares during the last quarter. Macquarie Group Ltd. boosted its position in American International Group by 38,370.8% during the 2nd quarter. Macquarie Group Ltd. now owns 12,733,842 shares of the insurance provider’s stock worth $675,148,000 after acquiring an additional 12,700,742 shares during the last quarter. Boston Partners boosted its position in American International Group by 82.5% during the 2nd quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock worth $650,077,000 after acquiring an additional 5,543,692 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in American International Group by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,413,923 shares of the insurance provider’s stock worth $499,125,000 after acquiring an additional 81,229 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

A number of equities analysts have weighed in on AIG shares. JPMorgan Chase & Co. set a $63.00 price target on American International Group and gave the stock a “hold” rating in a research report on Sunday, August 5th. Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Argus reduced their price target on American International Group from $63.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, August 10th. ValuEngine downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, UBS Group raised American International Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $53.71 to $63.00 in a research report on Thursday, May 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.33.

Shares of American International Group stock opened at $52.67 on Friday. American International Group Inc has a 12-month low of $49.57 and a 12-month high of $65.55. The company 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. 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 announced its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.16). American International Group had a positive return on equity of 2.03% and a negative net margin of 13.67%. The company had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.71 billion. During the same quarter in the prior year, the company earned $1.19 EPS. equities analysts expect that American International Group Inc will post 4.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis 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 is currently 53.33%.

American International Group Company 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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