Private Bank & 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 (SEC). The fund owned 25,736 shares of the insurance provider’s stock after selling 227 shares during the period. Private Bank & Trust Co.’s holdings in American International Group were worth $1,527,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Clear Harbor Asset Management LLC acquired a new stake in American International Group during the first quarter valued at about $278,000. Exxonmobil Investment Management Inc. TX raised its stake in American International Group by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 289,662 shares of the insurance provider’s stock valued at $15,320,000 after buying an additional 9,799 shares during the last quarter. Trust Co raised its stake in American International Group by 8.1% in the first quarter. Trust Co now owns 12,626 shares of the insurance provider’s stock valued at $682,000 after buying an additional 950 shares during the last quarter. Community Trust & Investment Co. raised its stake in American International Group by 2.0% in the second quarter. Community Trust & Investment Co. now owns 361,572 shares of the insurance provider’s stock valued at $19,123,000 after buying an additional 6,927 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in American International Group during the second quarter valued at about $585,000. 82.98% of the stock is 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 down 1.75% during trading on Monday, hitting $63.31. 6,385,295 shares of the stock were exchanged. The firm has a 50 day moving average price of $61.50 and a 200 day moving average price of $57.85. American International Group Inc. has a 52 week low of $48.41 and a 52 week high of $64.72. The firm has a market capitalization of $65.03 billion, a P/E ratio of 206.22 and a beta of 1.37.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share (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 firm posted $0.52 earnings per share. Analysts forecast that American International Group Inc. will post $3.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, December 6th. American International Group’s dividend payout ratio (DPR) is 290.92%.

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AIG has been the subject of a number of research analyst reports. Deutsche Bank AG boosted their target price on shares of American International Group from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $65.00 target price on shares of American International Group and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. 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 research report on Wednesday, August 3rd. Morgan Stanley set a $63.00 target price on shares of American International Group and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, Vetr lowered shares of American International Group from a “hold” rating to a “sell” rating and set a $55.52 target price for the company. in a research report on Wednesday, August 3rd. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently 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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