First Commonwealth Financial Corp PA lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 5.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,519 shares of the insurance provider’s stock after selling 731 shares during the period. First Commonwealth Financial Corp PA’s holdings in American International Group were worth $783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Capital Management LLC raised its stake in shares of American International Group by 4.0% during the 2nd 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 during the last quarter. Girard Partners LTD. purchased a new position in shares of American International Group during the 2nd quarter valued at about $215,000. Oppenheimer & Co. Inc. raised its stake in shares of American International Group by 9.8% during the 2nd 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 last quarter. AXA raised its stake in shares of American International Group by 113.5% during the 2nd 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 last quarter. Finally, Allen Investment Management LLC raised its stake in shares of American International Group by 126.4% during the 2nd 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 last quarter. Institutional investors and hedge funds own 83.98% of the company’s stock.

American International Group, Inc. (NYSE AIG) traded up 0.16% during midday trading on Friday, reaching $62.08. The company’s stock had a trading volume of 1,520,218 shares. The company’s 50-day moving average is $60.61 and its 200 day moving average is $62.19. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The firm’s market capitalization is $56.08 billion.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same period last year, the company posted $0.98 EPS. Analysts expect that American International Group, Inc. will post $4.42 earnings per share for the current fiscal year.

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

Several equities analysts recently weighed in on AIG shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research note on Friday. UBS AG cut their price target on American International Group from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company restated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research note on Sunday, October 1st. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a research note on Sunday, August 13th. Finally, Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. American International Group has a consensus rating of “Hold” and an average price target of $68.31.

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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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