Markston International LLC lowered its position in American International Group, Inc. (NYSE:AIG) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,172 shares of the insurance provider’s stock after selling 929 shares during the period. Markston International LLC’s holdings in American International Group were worth $10,577,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AIG. Israel Discount Bank of New York purchased a new position in shares of American International Group during the first quarter worth approximately $145,000. Peddock Capital Advisors LLC boosted its position in shares of American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after buying an additional 1,271 shares during the period. Chicago Partners Investment Group LLC boosted its position in shares of American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after buying an additional 14 shares during the period. FTB Advisors Inc. boosted its position in shares of American International Group by 147.9% in the first quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance provider’s stock worth $176,000 after buying an additional 1,711 shares during the period. Finally, Lincoln National Corp purchased a new position in shares of American International Group during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 87.76% of the company’s stock.

Shares of American International Group, Inc. (NYSE AIG) traded up 0.91% on Friday, hitting $60.78. The company’s stock had a trading volume of 5,877,551 shares. The firm’s market cap is $54.91 billion. American International Group, Inc. has a 1-year low of $57.35 and a 1-year high of $67.47. The company has a 50 day moving average of $63.61 and a 200 day moving average of $62.85.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period in the previous year, the business earned $0.98 earnings per share. Equities analysts forecast that American International Group, Inc. will post $5.34 EPS for the current year.

American International Group declared that its board has initiated a share repurchase plan on Wednesday, May 3rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the insurance provider to reacquire up to 4.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 14th. American International Group’s payout ratio is -711.07%.

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AIG has been the subject of a number of research analyst reports. Morgan Stanley upgraded American International Group from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $62.87 to $61.82 in a report on Tuesday, May 16th. Zacks Investment Research upgraded American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Wednesday, July 5th. TheStreet upgraded American International Group from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. BidaskClub cut American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company restated a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. American International Group presently has a consensus rating of “Buy” and a consensus price target of $69.02.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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

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