Patten & Patten Inc. TN lowered its stake in American International Group Inc (NYSE:AIG) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,641 shares of the insurance provider’s stock after selling 10,403 shares during the quarter. Patten & Patten Inc. TN’s holdings in American International Group were worth $5,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AIG. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of American International Group by 121.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after buying an additional 8,586,682 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of American International Group by 307.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock worth $260,534,000 after buying an additional 3,144,446 shares during the period. Renaissance Technologies LLC bought a new position in shares of American International Group in the second quarter worth about $134,359,000. Balyasny Asset Management LLC raised its stake in American International Group by 12,867.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,906,247 shares of the insurance provider’s stock valued at $119,179,000 after purchasing an additional 1,891,547 shares during the period. Finally, Boston Partners raised its stake in American International Group by 14.2% during the 3rd quarter. Boston Partners now owns 7,835,692 shares of the insurance provider’s stock valued at $481,034,000 after purchasing an additional 973,835 shares during the period. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

AIG has been the topic of several recent analyst reports. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research note on Tuesday, October 10th. Bank of America decreased their target price on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $75.00 target price on shares of American International Group in a research note on Friday, October 6th. Wells Fargo & Co set a $75.00 target price on American International Group and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, ValuEngine downgraded American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. American International Group has a consensus rating of “Hold” and a consensus target price of $67.41.

American International Group Inc (NYSE AIG) traded down $0.76 during midday trading on Monday, reaching $60.79. The company’s stock had a trading volume of 1,430,000 shares, compared to its average volume of 4,930,000. The stock has a market cap of $54,650.00, a PE ratio of -24.41, a PEG ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.45.

American International Group (NYSE:AIG) last released its quarterly 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 for 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 in the prior year, the business earned $1.23 EPS. equities analysts predict that American International Group Inc will post 2.69 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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