New York State Common Retirement Fund lowered its position in American International Group, Inc. (NYSE:AIG) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,099,980 shares of the insurance provider’s stock after selling 498,862 shares during the quarter. New York State Common Retirement Fund owned approximately 0.33% of American International Group worth $193,811,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AIG. Israel Discount Bank of New York purchased a new position in American International Group in the first quarter worth approximately $145,000. Peddock Capital Advisors LLC lifted its stake in 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 acquiring an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in 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 acquiring an additional 14 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares during the last quarter. Finally, Signaturefd LLC purchased a new position in American International Group in the first quarter worth approximately $202,000. Institutional investors own 83.97% of the company’s stock.

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A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG restated a “sell” rating and set a $60.00 price objective (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Finally, Atlantic Securities downgraded shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $68.08.

American International Group, Inc. (NYSE:AIG) traded down 0.29% during mid-day trading on Monday, reaching $59.45. 1,519,458 shares of the company traded hands. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The stock’s market capitalization is $53.71 billion. The firm’s 50-day moving average is $62.01 and its 200 day moving average is $62.44.

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, beating analysts’ consensus estimates of $1.20 by $0.33. The company had revenue of $11.23 billion for 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 period last year, the business posted $0.98 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post $5.27 earnings per share for the current year.

The business 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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s payout ratio 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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