Neuberger Berman Group LLC raised its stake in shares of American International Group Inc (NYSE:AIG) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,325,707 shares of the insurance provider’s stock after purchasing an additional 97,953 shares during the period. Neuberger Berman Group LLC owned 0.15% of American International Group worth $81,385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AIG. TIAA CREF Investment Management LLC increased its position in shares of American International Group by 27.1% in the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after acquiring an additional 2,103,522 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of American International Group by 1.7% in the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock worth $589,743,000 after acquiring an additional 159,529 shares in the last quarter. Boston Partners increased its position in shares of American International Group by 14.2% in the third quarter. Boston Partners now owns 7,835,692 shares of the insurance provider’s stock worth $481,034,000 after acquiring an additional 973,835 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of American International Group by 0.7% in the third quarter. Pzena Investment Management LLC now owns 6,507,357 shares of the insurance provider’s stock worth $399,487,000 after acquiring an additional 46,738 shares in the last quarter. Finally, Orbis Allan Gray Ltd increased its position in shares of American International Group by 19.3% in the second quarter. Orbis Allan Gray Ltd now owns 4,171,820 shares of the insurance provider’s stock worth $260,823,000 after acquiring an additional 674,670 shares in the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on AIG. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Barclays dropped their price objective on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 16th. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 price objective on shares of American International Group in a research report on Wednesday, December 6th. Finally, ValuEngine lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $67.70.

American International Group Inc (NYSE:AIG) opened at $59.39 on Friday. The firm has a market cap of $53,389.17, a price-to-earnings ratio of 23.66, a PEG ratio of 1.96 and a beta of 1.17. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group Inc has a 52 week low of $57.85 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share 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 analysts’ expectations 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 company posted $1.23 earnings per share. analysts anticipate that American International Group Inc will post 2.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 annualized dividend and a dividend yield of 2.16%. American International Group’s dividend payout ratio (DPR) is presently -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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