Standard Life Investments LTD boosted its position in shares of American International Group Inc (NYSE:AIG) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,559,523 shares of the insurance provider’s stock after buying an additional 33,662 shares during the period. Standard Life Investments LTD owned 0.41% of American International Group worth $241,085,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AIG. RPg Family Wealth Advisory LLC increased its stake in shares of American International Group by 59.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,483 shares of the insurance provider’s stock valued at $134,000 after buying an additional 929 shares during the last quarter. Mountain Lake Investment Management LLC bought a new stake in shares of American International Group during the first quarter valued at approximately $135,000. Pointe Capital Management LLC increased its stake in shares of American International Group by 2.1% in the second quarter. Pointe Capital Management LLC now owns 3,786 shares of the insurance provider’s stock valued at $200,000 after buying an additional 79 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of American International Group during the second quarter valued at approximately $211,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of American International Group during the first quarter valued at approximately $278,000. 84.69% of the stock is owned by institutional investors.

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

Shares of American International Group Inc (NYSE:AIG) traded down 0.71% on Monday, reaching $58.92. 4,412,150 shares of the company traded hands. The stock’s market capitalization is $63.08 billion. American International Group Inc has a one year low of $48.41 and a one year high of $64.31. The stock’s 50 day moving average price is $58.89 and its 200-day moving average price is $55.94.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. American International Group had a negative net margin of 0.64% and a positive return on equity of 1.33%. During the same period in the prior year, the company earned $1.39 EPS. Equities analysts forecast that American International Group Inc will post $4.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Tuesday, September 13th. American International Group’s dividend payout ratio (DPR) is presently -799.95%.

Several analysts recently commented on AIG shares. BMO Capital Markets lifted their target price on shares of American International Group from $58.86 to $64.00 and gave the stock a “market perform” rating in a report on Monday, August 22nd. Credit Suisse Group AG set a $60.00 target price on shares of American International Group and gave the stock a “hold” rating in a report on Monday, September 12th. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 5th. Vetr raised shares of American International Group from a “buy” rating to a “strong-buy” rating and set a $63.34 target price for the company in a report on Thursday, June 9th. Finally, Citigroup Inc. reduced their target price on shares of American International Group from $69.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $65.07.

About American International Group

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

5 Day Chart for NYSE:AIG

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