Advisors Asset Management Inc. decreased its position in American International Group, Inc. (NYSE:AIG) by 20.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,952 shares of the insurance provider’s stock after selling 511 shares during the quarter. Advisors Asset Management Inc.’s holdings in American International Group were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC increased its stake in American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 14 shares during the last quarter. Lyell Wealth Management LP increased its stake in American International Group by 0.5% in the 2nd quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock worth $225,000 after acquiring an additional 18 shares during the last quarter. Great Lakes Advisors LLC increased its stake in American International Group by 1.4% in the 1st quarter. Great Lakes Advisors LLC now owns 7,079 shares of the insurance provider’s stock worth $442,000 after acquiring an additional 96 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in American International Group by 2.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 5,248 shares of the insurance provider’s stock worth $332,000 after acquiring an additional 109 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in American International Group by 6.2% in the 2nd quarter. Alpha Cubed Investments LLC now owns 3,983 shares of the insurance provider’s stock worth $249,000 after acquiring an additional 233 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

American International Group, Inc. (AIG) opened at 59.78 on Friday. American International Group, Inc. has a 12 month low of $57.35 and a 12 month high of $67.47. The firm has a 50-day moving average price of $62.64 and a 200 day moving average price of $62.56. The company’s market cap is $54.01 billion.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter last year, the firm earned $0.98 earnings per share. Equities research analysts predict that American International Group, Inc. will post $5.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.14%. American International Group’s dividend payout ratio (DPR) is -711.07%.

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AIG has been the topic of a number of research reports. Morgan Stanley raised American International Group from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $62.87 to $61.82 in a research note on Tuesday, May 16th. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, July 5th. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. BidaskClub downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. American International Group has a consensus rating of “Buy” and an average target price of $69.15.

American International Group 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.

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

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