Utah Retirement Systems maintained its stake in American International Group Inc. (NYSE:AIG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,163 shares of the insurance provider’s stock at the end of the third quarter. Utah Retirement Systems’ holdings in American International Group were worth $12,056,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AIG. FNY Managed Accounts LLC acquired a new position in shares of American International Group during the third quarter valued at $131,000. Chicago Partners Investment Group LLC raised its position 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 valued at $138,000 after buying an additional 16 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position 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 valued at $175,000 after buying an additional 17 shares during the last quarter. Pointe Capital Management LLC raised its position 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. Finally, Rikoon Group LLC acquired a new position in shares of American International Group during the third quarter valued at $206,000. Institutional investors and hedge funds own 82.98% of the company’s stock.

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

Shares of American International Group Inc. (NYSE:AIG) traded up 0.687% during mid-day trading on Wednesday, reaching $63.715. The company’s stock had a trading volume of 2,341,882 shares. The company has a 50-day moving average of $61.50 and a 200-day moving average of $57.85. The firm has a market cap of $65.44 billion, a PE ratio of 207.541 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.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share for the quarter, beating the 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 last year, the firm earned $0.52 EPS. On average, analysts predict that American International Group Inc. will post $3.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, December 6th. American International Group’s dividend payout ratio (DPR) is presently 290.92%.

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Several equities analysts recently weighed in on AIG shares. Credit Suisse Group AG set a $61.00 price objective on shares of American International Group and gave the company a “hold” rating in a research report on Sunday, November 20th. TheStreet raised shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. BMO Capital Markets lifted their price target on shares of American International Group from $58.86 to $64.00 and gave the company a “market perform” rating in a research report on Monday, August 22nd. FBR & Co reissued a “hold” rating and issued a $53.00 price target on shares of American International Group in a research report on Thursday, August 4th. Finally, Zacks Investment Research lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Seven equities 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 company. The stock has an average 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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