American International Group Inc. (NYSE:AIG) announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Thursday, December 8th will be paid a dividend of 0.32 per share by the insurance provider on Thursday, December 22nd. 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.

Shares of American International Group (NYSE:AIG) opened at 63.33 on Thursday. American International Group has a 52 week low of $48.41 and a 52 week high of $64.72. The stock has a market cap of $65.05 billion, a PE ratio of 206.29 and a beta of 1.37. The stock has a 50 day moving average of $61.68 and a 200-day moving average of $57.95.

American International Group (NYSE:AIG) last issued its quarterly earnings results 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 net margin of 0.66% and a return on equity of 1.82%. During the same quarter in the prior year, the company earned $0.52 EPS. Equities research analysts predict that American International Group will post $3.77 earnings per share for the current fiscal year.

Dividend History for American International Group (NYSE:AIG)

TRADEMARK VIOLATION WARNING: “American International Group Inc. (AIG) To Go Ex-Dividend on December 6th” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/12/01/american-international-group-inc-aig-to-go-ex-dividend-on-december-6th.html.

A number of institutional investors have recently made changes to their positions in AIG. Wedge Capital Management L L P NC increased its position in shares of American International Group by 0.4% in the second quarter. Wedge Capital Management L L P NC now owns 695,251 shares of the insurance provider’s stock worth $36,772,000 after buying an additional 2,975 shares in the last quarter. Deere & Co. increased its position in shares of American International Group by 2.6% in the second quarter. Deere & Co. now owns 93,986 shares of the insurance provider’s stock worth $4,971,000 after buying an additional 2,381 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of American International Group during the second quarter worth approximately $5,110,000. BlueMountain Capital Management LLC increased its position in shares of American International Group by 82.2% in the second quarter. BlueMountain Capital Management LLC now owns 1,760,301 shares of the insurance provider’s stock worth $93,102,000 after buying an additional 794,418 shares in the last quarter. Finally, FOURPOINTS Investment Managers S.A.S. increased its position in shares of American International Group by 40.5% in the second quarter. FOURPOINTS Investment Managers S.A.S. now owns 28,800 shares of the insurance provider’s stock worth $1,523,000 after buying an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

Several equities research analysts have recently issued reports on AIG shares. FBR & Co lifted their price objective on shares of American International Group from $57.00 to $64.00 and gave the company a “mkt perform” rating in a research report on Monday. 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. Vetr cut shares of American International Group from a “strong-buy” rating to a “buy” rating and set a $67.85 price objective on the stock. in a research report on Wednesday, November 9th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $65.00 price objective on shares of American International Group in a research report on Thursday, November 3rd. Finally, Zacks Investment Research cut shares of American International Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $65.62.

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

Receive News & Stock Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related stocks with our FREE daily email newsletter.