Harbor Advisors LLC held its stake in shares of American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,000 shares of the insurance provider’s stock at the end of the 2nd quarter. Harbor Advisors LLC’s holdings in American International Group were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Northern Capital Management LLC grew its holdings in shares of American International Group by 4.0% during the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock valued at $2,883,000 after buying an additional 1,760 shares in the last quarter. Girard Partners LTD. acquired a new position in American International Group during the second quarter valued at $215,000. Oppenheimer & Co. Inc. raised its position in American International Group by 9.8% during the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock valued at $5,557,000 after buying an additional 7,963 shares during the period. AXA raised its position in American International Group by 113.5% during the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock valued at $25,707,000 after buying an additional 218,583 shares during the period. Finally, Allen Investment Management LLC raised its position in American International Group by 126.4% during the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock valued at $2,626,000 after buying an additional 23,445 shares during the period. 83.98% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on AIG shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research note on Thursday, August 3rd. BidaskClub raised American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a $60.00 target price (up previously from $57.00) on shares of American International Group in a 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 assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.31.

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American International Group, Inc. (NYSE:AIG) traded down 0.81% during mid-day trading on Tuesday, hitting $61.36. The stock had a trading volume of 1,206,010 shares. The company’s market capitalization is $55.43 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The stock’s 50-day moving average is $60.71 and its 200 day moving average is $62.20.

American International Group (NYSE:AIG) last released 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. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Equities analysts forecast that American International Group, Inc. will post $5.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is -711.07%.

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.

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

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