First Allied Advisory Services Inc. increased its position in shares of American International Group, Inc. (NYSE:AIG) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,541 shares of the insurance provider’s stock after buying an additional 319 shares during the period. First Allied Advisory Services Inc.’s holdings in American International Group were worth $472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Israel Discount Bank of New York bought a new stake in shares of American International Group during the 1st quarter worth $145,000. Peddock Capital Advisors LLC boosted its holdings in shares of American International Group by 100.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after buying an additional 1,271 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of American International Group by 0.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after buying an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of American International Group by 30.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after buying an additional 716 shares during the period. Finally, Signaturefd LLC bought a new stake in shares of American International Group during the 1st quarter worth $202,000. 83.98% of the stock is owned by institutional investors and hedge funds.

American International Group, Inc. (NYSE:AIG) opened at 61.98 on Friday. American International Group, Inc. has a 1-year low of $57.35 and a 1-year high of $67.47. The firm’s market capitalization is $55.99 billion. The company’s 50-day moving average is $60.61 and its 200 day moving average is $62.19.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the business posted $0.98 earnings per share. On average, equities analysts expect that American International Group, Inc. will post $4.90 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.07%. American International Group’s dividend payout ratio (DPR) is -711.07%.

Several analysts recently issued reports on the stock. UBS AG decreased their price objective on shares of American International Group from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company reaffirmed a “buy” rating and set a $75.00 price objective on shares of American International Group in a report on Sunday, October 1st. BidaskClub downgraded shares of American International Group from a “hold” rating to a “sell” rating in a report on Sunday, August 13th. Atlantic Securities downgraded shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price objective on shares of American International Group in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $68.31.

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American International Group 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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