Community Trust & Investment Co. reduced its stake in shares of American International Group Inc. (NYSE:AIG) by 21.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 284,446 shares of the insurance provider’s stock after selling 77,126 shares during the period. American International Group makes up 2.2% of Community Trust & Investment Co.’s portfolio, making the stock its 20th largest position. Community Trust & Investment Co.’s holdings in American International Group were worth $16,879,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Mountain Lake Investment Management LLC bought a new stake in shares of American International Group during the first quarter worth $135,000. Chicago Partners Investment Group LLC raised its stake in shares of American International Group by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,601 shares of the insurance provider’s stock worth $138,000 after buying an additional 16 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock worth $175,000 after buying an additional 17 shares in the last quarter. Norman Fields Gottscho Capital Management LLC bought a new stake in shares of American International Group during the third quarter worth $208,000. Finally, F&V Capital Management LLC bought a new stake in shares of American International Group during the third quarter worth $208,000. 86.11% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of American International Group Inc. (NYSE:AIG) traded up 0.02% during trading on Monday, hitting $63.92. 4,168,677 shares of the stock were exchanged. American International Group Inc. has a one year low of $48.41 and a one year high of $64.72. The company has a market cap of $65.65 billion, a price-to-earnings ratio of 208.21 and a beta of 1.37. The stock’s 50 day moving average price is $60.74 and its 200-day moving average price is $57.46.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. American International Group had a net margin of 0.66% and a return on equity of 1.82%. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, analysts predict that American International Group Inc. will post $3.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. American International Group’s dividend payout ratio is currently 290.92%.

A number of equities research analysts have weighed in on the stock. Credit Suisse Group AG set a $60.00 target price on shares of American International Group and gave the company a “hold” rating in a research note on Monday, September 12th. Vetr upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $67.85 target price for the company in a research note on Tuesday, November 1st. Deutsche Bank AG upped their price objective on American International Group from $58.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Barclays PLC upped their price objective on American International Group from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, September 30th. Finally, Morgan Stanley set a $63.00 price objective on American International Group and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. American International Group presently has an average rating of “Buy” and a consensus price target of $65.17.

American International Group Company Profile

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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