Fiduciary Trust Co. cut its holdings in American International Group, Inc. (NYSE:AIG) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,512 shares of the insurance provider’s stock after selling 4,168 shares during the quarter. Fiduciary Trust Co.’s holdings in American International Group were worth $2,845,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Canada Pension Plan Investment Board boosted its stake in American International Group by 12.6% in the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock valued at $727,222,000 after acquiring an additional 1,300,900 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in American International Group by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock valued at $556,681,000 after acquiring an additional 584,450 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in American International Group by 1.5% in the first quarter. TIAA CREF Investment Management LLC now owns 7,753,856 shares of the insurance provider’s stock valued at $484,073,000 after acquiring an additional 116,955 shares during the last quarter. Boston Partners boosted its stake in American International Group by 262.4% in the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after acquiring an additional 4,968,504 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its stake in American International Group by 1.1% in the second quarter. Pzena Investment Management LLC now owns 6,460,619 shares of the insurance provider’s stock valued at $403,918,000 after acquiring an additional 71,469 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. BidaskClub cut shares of American International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Deutsche Bank AG reaffirmed a “sell” rating and issued a $60.00 price objective (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Atlantic Securities cut shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $69.02.

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Shares of American International Group, Inc. (AIG) traded up 0.17% during midday trading on Wednesday, reaching $59.75. 530,936 shares of the company’s stock traded hands. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The firm’s market cap is $53.98 billion. The company has a 50 day moving average of $63.06 and a 200 day moving average of $62.64. American International Group also was the recipient of some unusual options trading activity on Monday. Stock traders acquired 6,560 put options on the company. This is an increase of 151% compared to the typical daily volume of 2,614 put options.

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. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same period last year, the firm earned $0.98 earnings per share. On average, equities analysts predict that American International Group, Inc. will post $5.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is -711.07%.

About American International Group

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.

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

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