Teachers Advisors LLC lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,590,795 shares of the insurance provider’s stock after buying an additional 823,903 shares during the period. Teachers Advisors LLC owned approximately 0.39% of American International Group worth $224,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Boston Partners boosted its stake in shares of American International Group by 262.4% during the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock worth $429,003,000 after buying an additional 4,968,504 shares during the period. Prudential Financial Inc. raised its holdings in American International Group by 202.5% during the second quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock worth $250,655,000 after purchasing an additional 2,683,775 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in American International Group by 12.6% during the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after purchasing an additional 1,300,900 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in American International Group by 1,334.1% during the second quarter. Neuberger Berman Group LLC now owns 1,227,754 shares of the insurance provider’s stock worth $76,759,000 after purchasing an additional 1,142,143 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in American International Group by 49.4% during the first quarter. TD Asset Management Inc. now owns 3,245,019 shares of the insurance provider’s stock worth $202,587,000 after purchasing an additional 1,073,157 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

American International Group, Inc. (AIG) traded up 0.43% during midday trading on Tuesday, reaching $61.03. 1,688,684 shares of the company traded hands. The stock’s market capitalization is $55.13 billion. 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 of $62.60 and a 200-day moving average of $62.54.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate 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 firm earned $0.98 EPS. Analysts forecast that American International Group, Inc. will post $5.27 EPS for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: “Teachers Advisors LLC Acquires 823,903 Shares of American International Group, Inc. (AIG)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/09/12/teachers-advisors-llc-acquires-823903-shares-of-american-international-group-inc-aig.html.

AIG has been the subject of several analyst reports. BidaskClub cut shares of American International Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Atlantic Securities cut shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Wednesday, August 9th. Zacks Investment Research cut shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Morgan Stanley raised shares of American International Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $62.87 to $61.82 in a report on Tuesday, May 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 target price on shares of American International Group in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. American International Group currently has a consensus rating of “Hold” and a consensus price target of $68.08.

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.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG).

Institutional Ownership by Quarter for American International Group (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.