Pennsylvania Trust Co lowered its holdings in American International Group Inc (NYSE:AIG) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,129 shares of the insurance provider’s stock after selling 3,486 shares during the quarter. Pennsylvania Trust Co’s holdings in American International Group were worth $2,296,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its holdings in American International Group by 38,370.8% during the second quarter. Macquarie Group Ltd. now owns 12,733,842 shares of the insurance provider’s stock worth $675,148,000 after buying an additional 12,700,742 shares in the last quarter. FMR LLC boosted its holdings in American International Group by 56.3% during the second quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock worth $1,199,393,000 after buying an additional 8,149,702 shares in the last quarter. Boston Partners boosted its holdings in American International Group by 82.5% during the second quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock worth $650,077,000 after buying an additional 5,543,692 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in American International Group by 383.7% during the first quarter. Point72 Asset Management L.P. now owns 1,955,534 shares of the insurance provider’s stock worth $106,420,000 after buying an additional 1,551,242 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in American International Group by 81.1% during the second quarter. AustralianSuper Pty Ltd now owns 3,078,000 shares of the insurance provider’s stock worth $163,196,000 after buying an additional 1,378,000 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Shares of NYSE AIG opened at $52.39 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $47.30 billion, a P/E ratio of 21.83, a PEG ratio of 1.06 and a beta of 1.26. American International Group Inc has a 1 year low of $49.57 and a 1 year high of $65.55.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.16). The company had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.71 billion. American International Group had a negative net margin of 13.67% and a positive return on equity of 2.03%. During the same period in the previous year, the business earned $1.19 earnings per share. On average, research analysts anticipate that American International Group Inc will post 4.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Friday, September 14th. American International Group’s payout ratio is 53.33%.

A number of analysts recently issued reports on AIG shares. ValuEngine downgraded shares of American International Group from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Monday, July 16th. JPMorgan Chase & Co. set a $63.00 price target on shares of American International Group and gave the stock a “hold” rating in a report on Sunday, August 5th. Finally, Argus lowered their price target on shares of American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.33.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

Read More: Compound Annual Growth Rate (CAGR)

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

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