Cubist Systematic Strategies LLC raised its position in American International Group, Inc. (NYSE:AIG) by 55.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,308 shares of the insurance provider’s stock after purchasing an additional 34,824 shares during the quarter. American International Group accounts for approximately 0.4% of Cubist Systematic Strategies LLC’s holdings, making the stock its 27th biggest holding. Cubist Systematic Strategies LLC’s holdings in American International Group were worth $6,084,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pathstone Family Office LLC raised its position in American International Group by 2,557.1% in the 2nd 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 period. Israel Discount Bank of New York purchased a new stake in American International Group in the 1st quarter worth about $145,000. Peddock Capital Advisors LLC raised its position in American International Group by 100.0% in the 2nd 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 period. Chicago Partners Investment Group LLC raised its position in American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 14 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its position in American International Group by 30.3% in the 2nd 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 period. 83.98% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on AIG shares. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of American International Group in a research report on Wednesday, September 6th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, July 5th. BidaskClub raised shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. American International Group currently has a consensus rating of “Hold” and an average price target of $68.31.

Shares of American International Group, Inc. (NYSE:AIG) traded up 0.45% during trading on Friday, reaching $62.26. 3,647,053 shares of the company traded hands. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The company’s market capitalization is $56.25 billion. The firm’s 50 day moving average price is $60.62 and its 200-day moving average price is $62.19.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $12.61 billion. During the same period in the prior year, the firm earned $0.98 EPS. Equities analysts anticipate that American International Group, Inc. will post $4.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s payout ratio is currently -711.07%.

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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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