Exxonmobil Investment Management Inc. TX decreased its position in shares of American International Group Inc. (NYSE:AIG) by 10.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,709 shares of the insurance provider’s stock after selling 29,953 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in American International Group were worth $15,411,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mountain Lake Investment Management LLC purchased a new stake in shares of American International Group during the first quarter worth approximately $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 during 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 during the last quarter. Pointe Capital Management LLC raised 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 worth $200,000 after buying an additional 79 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC purchased a new stake in shares of American International Group during the third quarter worth approximately $208,000. 86.11% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of American International Group Inc. (NYSE:AIG) traded up 0.02% on Monday, hitting $63.92. The stock had a trading volume of 4,177,660 shares. American International Group Inc. has a 12 month low of $48.41 and a 12 month high of $64.72. The stock has a market cap of $65.65 billion, a PE ratio of 208.21 and a beta of 1.37. The stock has a 50 day moving average of $60.95 and a 200-day moving average of $57.60.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same period in the previous year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that American International Group Inc. will post $3.77 EPS for the current year.

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

AIG has been the topic of a number of recent research reports. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Tuesday, October 4th. TheStreet raised American International Group from a “hold” rating to a “buy” rating in a research note on Monday, October 10th. Vetr raised American International Group from a “hold” rating to a “buy” rating and set a $67.85 price objective on the stock in a research note on Tuesday, November 1st. Goldman Sachs Group Inc. raised American International Group from a “buy” rating to a “conviction-buy” rating and set a $68.00 price objective on the stock in a research note on Monday, August 8th. 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 analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.17.

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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