Sei Investments Co. raised its position in American International Group, Inc. (NYSE:AIG) by 18.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,707 shares of the insurance provider’s stock after purchasing an additional 77,656 shares during the quarter. Sei Investments Co. owned approximately 0.05% of American International Group worth $29,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIG. State of Alaska Department of Revenue grew its stake in American International Group by 13.0% in the second quarter. State of Alaska Department of Revenue now owns 8,322 shares of the insurance provider’s stock valued at $520,000 after purchasing an additional 960 shares in the last quarter. National Pension Service grew its stake in American International Group by 7.7% in the second quarter. National Pension Service now owns 811,440 shares of the insurance provider’s stock valued at $51,526,000 after purchasing an additional 57,855 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in American International Group by 482.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 159,564 shares of the insurance provider’s stock valued at $9,976,000 after purchasing an additional 132,171 shares in the last quarter. OLD National Bancorp IN purchased a new position in American International Group in the second quarter valued at about $522,000. Finally, Oregon Public Employees Retirement Fund grew its stake in American International Group by 5.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 228,897 shares of the insurance provider’s stock valued at $14,311,000 after purchasing an additional 12,600 shares in the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.

American International Group, Inc. (AIG) traded down $0.18 during trading on Friday, reaching $62.06. The company’s stock had a trading volume of 4,422,200 shares, compared to its average volume of 5,455,637. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.27 and a current ratio of 0.26. The firm has a market cap of $55,789.39, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. American International Group, Inc. has a 12-month low of $57.90 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same period last year, the company earned $1.23 EPS. sell-side analysts expect that American International Group, Inc. will post 2.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.06%. American International Group’s dividend payout ratio (DPR) is -51.00%.

WARNING: “Sei Investments Co. Purchases 77,656 Shares of American International Group, Inc. (AIG)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/12/sei-investments-co-purchases-77656-shares-of-american-international-group-inc-aig.html.

A number of brokerages have commented on AIG. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Bank of America Corporation downgraded American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price on the stock. in a research note on Friday, November 3rd. Barclays PLC lowered their target price on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and issued a $60.00 price target (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. American International Group has a consensus rating of “Hold” and a consensus price target of $68.18.

American International Group 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.