FTB Advisors Inc. cut its stake in American International Group, Inc. (NYSE:AIG) by 31.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,977 shares of the insurance provider’s stock after selling 891 shares during the quarter. FTB Advisors Inc.’s holdings in American International Group were worth $126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Israel Discount Bank of New York bought a new position in American International Group in the 1st quarter worth $145,000. Peddock Capital Advisors LLC raised its holdings in American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares in the last quarter. Finally, Signaturefd LLC bought a new position in American International Group in the 1st quarter worth $202,000. Institutional investors and hedge funds own 83.98% of the company’s stock.

TRADEMARK VIOLATION WARNING: “FTB Advisors Inc. Decreases Holdings in American International Group, Inc. (AIG)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/10/09/ftb-advisors-inc-decreases-holdings-in-american-international-group-inc-aig.html.

Shares of American International Group, Inc. (NYSE AIG) traded down 0.410% during mid-day trading on Monday, reaching $62.005. 217,834 shares of the company traded hands. The firm has a 50 day moving average of $60.62 and a 200-day moving average of $62.19. 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 $56.02 billion.

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 Zacks’ consensus estimate of $1.20 by $0.33. The business 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 period in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post $4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.32 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.06%. American International Group’s dividend payout ratio is presently -711.07%.

Several research analysts have commented on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a report on Thursday, August 3rd. BidaskClub upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Atlantic Securities lowered 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, Deutsche Bank AG restated a “sell” rating and issued a $60.00 price objective (up from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. American International Group currently has an average rating of “Hold” and a consensus target price of $68.31.

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.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG).

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

Receive News & Stock Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related stocks with our FREE daily email newsletter.