Rafferty Asset Management LLC cut its position in American International Group, Inc. (NYSE:AIG) by 18.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,841 shares of the insurance provider’s stock after selling 34,756 shares during the quarter. Rafferty Asset Management LLC’s holdings in American International Group were worth $9,868,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Waldron LP acquired a new stake in shares of American International Group in the first quarter valued at about $208,000. First Trust Advisors LP increased its stake in shares of American International Group by 4.0% in the first quarter. First Trust Advisors LP now owns 133,370 shares of the insurance provider’s stock valued at $8,326,000 after buying an additional 5,086 shares during the period. Wedbush Securities Inc. increased its stake in shares of American International Group by 170.3% in the first quarter. Wedbush Securities Inc. now owns 29,776 shares of the insurance provider’s stock valued at $1,859,000 after buying an additional 18,762 shares during the period. Commerce Bank increased its stake in shares of American International Group by 4.6% in the first quarter. Commerce Bank now owns 253,446 shares of the insurance provider’s stock valued at $15,823,000 after buying an additional 11,163 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of American International Group by 23.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,029 shares of the insurance provider’s stock valued at $4,309,000 after buying an additional 13,093 shares during the period. Hedge funds and other institutional investors own 83.97% of the company’s stock.

American International Group, Inc. (NYSE AIG) traded down 0.25% during mid-day trading on Monday, hitting $59.47. The company had a trading volume of 1,614,013 shares. The company has a 50 day moving average of $62.01 and a 200 day moving average of $62.44. The firm’s market capitalization is $53.73 billion. American International Group, Inc. has a 1-year low of $57.35 and a 1-year high of $67.47.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. The company 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 quarter in the previous year, the firm posted $0.98 earnings per share. Analysts predict that American International Group, Inc. will post $5.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 dividend payout ratio (DPR) is -711.07%.

Several research firms recently commented on AIG. Buckingham Research began coverage on American International Group in a research note on Monday, September 11th. They set an “underperform” rating and a $52.00 target price for the company. Deutsche Bank AG reaffirmed a “sell” rating and set a $60.00 target price (up previously from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Wednesday, August 9th. BidaskClub cut American International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 target price on shares of American International Group in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. American International Group currently has an average rating of “Hold” and a consensus target price of $68.08.

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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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