Chicago Equity Partners LLC acquired a new position in American International Group, Inc. (NYSE:AIG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,740 shares of the insurance provider’s stock, valued at approximately $1,797,000.

Other institutional investors have also modified their holdings of the company. Allen Investment Management LLC grew its position in American International Group by 126.4% in the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after acquiring an additional 23,445 shares during the period. Blue Granite Capital LLC grew its position in American International Group by 11.8% in the first quarter. Blue Granite Capital LLC now owns 38,000 shares of the insurance provider’s stock worth $2,372,000 after acquiring an additional 4,000 shares during the period. Epoch Investment Partners Inc. grew its position in American International Group by 12.3% in the first quarter. Epoch Investment Partners Inc. now owns 4,342,201 shares of the insurance provider’s stock worth $271,084,000 after acquiring an additional 474,434 shares during the period. Bank of Nova Scotia grew its position in American International Group by 868.2% in the first quarter. Bank of Nova Scotia now owns 213,547 shares of the insurance provider’s stock worth $13,332,000 after acquiring an additional 191,490 shares during the period. Finally, Prudential Financial Inc. grew its position in American International Group by 202.5% in the second quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock worth $250,655,000 after acquiring an additional 2,683,775 shares during the period. Institutional investors own 84.02% of the company’s stock.

Shares of American International Group, Inc. (NYSE:AIG) opened at 59.47 on Thursday. The firm’s market capitalization is $53.73 billion. The firm has a 50-day moving average price of $62.94 and a 200-day moving average price of $62.61. American International Group, Inc. has a 1-year low of $57.35 and a 1-year high of $67.47. American International Group also saw some unusual options trading activity on Monday. Traders acquired 6,560 put options on the company. This is an increase of 151% compared to the typical volume of 2,614 put options.

American International Group (NYSE:AIG) last posted 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 during the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period in the prior year, the company posted $0.98 EPS. On average, analysts forecast that American International Group, Inc. will post $5.33 EPS for the current fiscal year.

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

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AIG has been the subject of several analyst reports. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Morgan Stanley upgraded American International Group from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $62.87 to $61.82 in a research 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 price target for the company in a research report on Wednesday, July 5th. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.15.

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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