First Republic Investment Management Inc. lifted its position in shares of American International Group Inc (NYSE:AIG) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 659,677 shares of the insurance provider’s stock after acquiring an additional 141,116 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.07% of American International Group worth $40,498,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northern Capital Management LLC boosted its stake in American International Group by 4.0% in the 2nd quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after purchasing an additional 1,760 shares during the period. Girard Partners LTD. bought a new position in American International Group in the 2nd quarter worth about $215,000. Oppenheimer & Co. Inc. boosted its stake in American International Group by 9.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after purchasing an additional 7,963 shares during the period. AXA boosted its stake in American International Group by 113.5% in the 2nd quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after purchasing an additional 218,583 shares during the period. Finally, Connable Office Inc. bought a new position in American International Group in the 3rd quarter worth about $1,563,000. Institutional investors own 85.65% of the company’s stock.

AIG has been the subject of several analyst reports. Buckingham Research initiated coverage on American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 target price for the company. 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 set a $75.00 target price on American International Group and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Barclays cut their target price on American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 target price on shares of American International Group in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $67.70.

Shares of American International Group Inc (NYSE AIG) opened at $60.03 on Thursday. The stock has a market capitalization of $53,515.05, a PE ratio of 23.72, a PEG ratio of 1.96 and a beta of 1.17. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. 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 issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.23 EPS. sell-side analysts forecast that American International Group Inc will post 2.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.13%. American International Group’s dividend payout ratio is -51.00%.

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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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