Numeric Investors LLC acquired a new position in American International Group, Inc. (NYSE:AIG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 687,000 shares of the insurance provider’s stock, valued at approximately $42,951,000. Numeric Investors LLC owned 0.08% of American International Group at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AIG. Waldron LP acquired a new position in American International Group in the first quarter worth $208,000. Oxford Asset Management acquired a new position in American International Group in the first quarter worth $1,657,000. Great Lakes Advisors LLC boosted its holdings in American International Group by 1.4% in the first quarter. Great Lakes Advisors LLC now owns 7,079 shares of the insurance provider’s stock worth $442,000 after purchasing an additional 96 shares during the period. Todd Asset Management LLC boosted its holdings in American International Group by 36.8% in the first quarter. Todd Asset Management LLC now owns 710,667 shares of the insurance provider’s stock worth $44,367,000 after purchasing an additional 191,036 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in American International Group by 2.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 48,862 shares of the insurance provider’s stock worth $3,051,000 after purchasing an additional 1,153 shares during the period. 83.97% of the stock is owned by hedge funds and other institutional investors.

Shares of American International Group, Inc. (AIG) traded down 0.52% during midday trading on Thursday, hitting $60.93. 495,506 shares of the company were exchanged. The company’s 50 day moving average price is $61.67 and its 200 day moving average price is $62.35. The firm’s market cap is $55.04 billion. American International Group, Inc. has a one year low of $57.35 and a one year high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.98 earnings per share. Equities analysts expect that American International Group, Inc. will post $5.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 2.12%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s payout ratio is presently -711.07%.

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A number of research firms have commented on AIG. Buckingham Research began coverage on shares of American International Group in a report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective for the company. Deutsche Bank AG reaffirmed a “sell” rating and issued a $60.00 price objective (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. UBS AG decreased their price objective on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th. 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 report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of American International Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $67.96.

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.

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

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