Cambridge Trust Co. lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 77.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,101 shares of the insurance provider’s stock after selling 147,388 shares during the quarter. Cambridge Trust Co.’s holdings in American International Group were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peddock Capital Advisors LLC increased its position in shares of 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 valued at $159,000 after buying an additional 1,271 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 valued at $192,000 after buying an additional 716 shares during the period. First Capital Advisors Group LLC. purchased a new position in shares of American International Group during the third quarter valued at about $200,000. Linscomb & Williams Inc. purchased a new position in shares of American International Group during the second quarter valued at about $204,000. Finally, Crow Point Partners LLC purchased a new position in shares of American International Group during the second quarter valued at about $213,000. Institutional investors own 83.55% of the company’s stock.

Shares of American International Group, Inc. (NYSE AIG) traded up $0.49 during midday trading on Tuesday, hitting $62.49. 7,610,660 shares of the stock were exchanged, compared to its average volume of 5,110,000. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $56,110.00, a PE ratio of 24.70, a PEG ratio of 1.67 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.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.41% and a negative net margin of 5.07%. During the same period last year, the company earned $1.23 earnings per share. sell-side analysts expect that American International Group, Inc. will post 3.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. American International Group’s dividend payout ratio (DPR) is presently -51.41%.

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Several equities research analysts recently commented on AIG shares. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. BidaskClub raised shares of American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Bank of America Corporation lowered shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research note on Friday. Barclays PLC dropped their price objective on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. Finally, Deutsche Bank AG reissued a “sell” rating and set a $60.00 price objective (up previously from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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.

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

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