Janus Henderson Group PLC grew its position in American International Group, Inc. (NYSE:AIG) by 152.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 343,736 shares of the insurance provider’s stock after purchasing an additional 207,647 shares during the period. Janus Henderson Group PLC’s holdings in American International Group were worth $21,492,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Shelton Capital Management acquired a new stake in shares of American International Group in the 2nd quarter valued at $488,000. Prudential PLC boosted its stake in shares of American International Group by 10.9% in the 2nd quarter. Prudential PLC now owns 718,832 shares of the insurance provider’s stock valued at $44,941,000 after purchasing an additional 70,376 shares in the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of American International Group in the 2nd quarter valued at $47,740,000. Orbis Allan Gray Ltd boosted its stake in shares of American International Group by 19.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 4,171,820 shares of the insurance provider’s stock valued at $260,823,000 after purchasing an additional 674,670 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new stake in shares of American International Group in the 2nd quarter valued at $359,000. Institutional investors own 83.96% of the company’s stock.

American International Group, Inc. (AIG) opened at 63.44 on Thursday. The firm’s market capitalization is $57.31 billion. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The firm’s 50-day moving average is $61.07 and its 200-day moving average is $62.25.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same period last year, the firm posted $0.98 earnings per share. On average, equities analysts expect that American International Group, Inc. will post $3.39 earnings per share for the current year.

The company also recently declared 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, September 14th. American International Group’s payout ratio is -711.07%.

AIG has been the topic of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of American International Group in a research note on Wednesday, September 6th. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 target price on shares of American International Group in a research note on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.18.

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About American International Group

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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