ProVise Management Group LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,565 shares of the insurance provider’s stock after selling 2,736 shares during the period. ProVise Management Group LLC’s holdings in American International Group were worth $649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC lifted its stake in American International Group by 2,557.1% during the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after purchasing an additional 1,432 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 1,271 shares during the last quarter. Rational Advisors LLC lifted its stake in American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 1,500 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares during the last quarter. Finally, First Capital Advisors Group LLC. bought a new stake in American International Group during the third quarter worth $200,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

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American International Group, Inc. (AIG) traded down $0.30 during midday trading on Wednesday, reaching $59.33. The company had a trading volume of 1,000,944 shares, compared to its average volume of 5,921,919. The firm has a market capitalization of $53,340.00, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 1.93 and a beta of 1.23. American International Group, Inc. has a 1-year low of $57.90 and a 1-year high of $67.47. 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 (NYSE:AIG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The firm 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 period last year, the company posted $1.23 EPS. sell-side analysts anticipate that American International Group, Inc. will post 2.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given 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 yield of 2.16%. American International Group’s dividend payout ratio (DPR) is currently -51.41%.

Several equities research analysts have weighed in on the company. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Barclays PLC 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. Bank of America Corporation cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Friday, November 3rd. Finally, Deutsche Bank AG reiterated a “sell” rating and set a $60.00 price target (up from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $68.18.

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)

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