Alpine Woods Capital Investors LLC boosted its stake in American International Group, Inc. (NYSE:AIG) by 3,394.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,638 shares of the insurance provider’s stock after purchasing an additional 120,100 shares during the period. Alpine Woods Capital Investors LLC’s holdings in American International Group were worth $7,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wright Investors Service Inc. bought a new stake in American International Group during the second quarter valued at $310,000. Private Bank & Trust Co. boosted its position in American International Group by 2.4% during the second quarter. Private Bank & Trust Co. now owns 13,144 shares of the insurance provider’s stock valued at $822,000 after acquiring an additional 308 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in American International Group during the second quarter valued at $843,000. Benson Investment Management Company Inc. boosted its position in American International Group by 1.6% during the second quarter. Benson Investment Management Company Inc. now owns 37,405 shares of the insurance provider’s stock valued at $2,339,000 after acquiring an additional 600 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its position in American International Group by 2.1% during the second quarter. Clear Harbor Asset Management LLC now owns 5,248 shares of the insurance provider’s stock valued at $332,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

WARNING: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/21/alpine-woods-capital-investors-llc-buys-120100-shares-of-american-international-group-inc-aig.html.

AIG has been the topic of a number of research analyst reports. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation cut their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, B. Riley reaffirmed a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $68.18.

Shares of American International Group, Inc. (AIG) traded up $0.10 during midday trading on Tuesday, reaching $59.79. 1,159,508 shares of the company traded hands, compared to its average volume of 5,928,837. American International Group, Inc. has a twelve month low of $57.90 and a twelve month high of $67.47. The company has a market cap of $53,991.50, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. During the same period in the previous year, the business posted $1.23 EPS. equities analysts predict that American International Group, Inc. will post 2.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.14%. American International Group’s payout ratio is -51.00%.

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)

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.