Pennsylvania Trust Co cut its stake in shares of American International Group Inc. (NYSE:AIG) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,019 shares of the insurance provider’s stock after selling 708 shares during the period. Pennsylvania Trust Co’s holdings in American International Group were worth $4,689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Emerald Acquisition Ltd. bought a new stake in shares of American International Group during the second quarter valued at approximately $143,219,000. Standard Life Investments LTD boosted its stake in shares of American International Group by 0.7% in the second quarter. Standard Life Investments LTD now owns 4,559,523 shares of the insurance provider’s stock valued at $241,085,000 after buying an additional 33,662 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of American International Group by 3.8% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,672,760 shares of the insurance provider’s stock valued at $88,472,000 after buying an additional 61,300 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of American International Group by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 327,970 shares of the insurance provider’s stock valued at $17,347,000 after buying an additional 7,592 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of American International Group during the second quarter valued at approximately $17,713,000. 82.98% 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 0.05% on Tuesday, reaching $63.28. The company’s stock had a trading volume of 4,826,282 shares. The company has a market capitalization of $65.00 billion, a price-to-earnings ratio of 206.12 and a beta of 1.37. American International Group Inc. has a 12-month low of $48.41 and a 12-month high of $64.72. The company’s 50-day moving average is $61.50 and its 200 day moving average is $57.85.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.52 EPS. Equities analysts anticipate that American International Group Inc. will post $3.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, December 6th. American International Group’s payout ratio is currently 290.92%.

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AIG has been the topic of a number of research analyst reports. Credit Suisse Group AG set a $61.00 price target on American International Group and gave the stock a “hold” rating in a report on Sunday, November 20th. Vetr cut American International Group from a “hold” rating to a “sell” rating and set a $55.52 price target on the stock. in a report on Wednesday, August 3rd. Keefe, Bruyette & Woods increased their price target on American International Group from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. FBR & Co restated a “hold” rating and set a $53.00 price target on shares of American International Group in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. set a $65.00 price target on American International Group and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. American International Group has a consensus rating of “Buy” and an average price target of $65.62.

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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