Menlo Advisors LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 75,458 shares of the insurance provider’s stock after selling 255 shares during the period. American International Group comprises 3.5% of Menlo Advisors LLC’s investment portfolio, making the stock its 12th largest position. Menlo Advisors LLC’s holdings in American International Group were worth $4,717,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its stake in American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after buying an additional 14 shares during the period. Lyell Wealth Management LP boosted its stake in American International Group by 0.5% in the first quarter. Lyell Wealth Management LP now owns 3,588 shares of the insurance provider’s stock valued at $224,000 after buying an additional 19 shares during the period. Welch & Forbes LLC boosted its stake in American International Group by 0.7% in the first quarter. Welch & Forbes LLC now owns 4,502 shares of the insurance provider’s stock valued at $281,000 after buying an additional 33 shares during the period. Wetherby Asset Management Inc. boosted its stake in American International Group by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 16,042 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 62 shares during the period. Finally, Great Lakes Advisors LLC boosted its stake in American International Group by 1.4% in the first quarter. Great Lakes Advisors LLC now owns 7,079 shares of the insurance provider’s stock valued at $442,000 after buying an additional 96 shares during the period. 86.19% of the stock is owned by institutional investors.

Shares of American International Group, Inc. (NYSE AIG) opened at 64.13 on Friday. The stock has a 50 day moving average price of $63.09 and a 200-day moving average price of $63.48. American International Group, Inc. has a one year low of $52.39 and a one year high of $67.47. The company has a market capitalization of $59.37 billion, a price-to-earnings ratio of 130.35 and a beta of 1.13.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.25. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $11 billion. American International Group had a net margin of 1.00% and a return on equity of 5.36%. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, equities research analysts expect that American International Group, Inc. will post $5.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th were given a dividend of $0.32 per share. The ex-dividend date was Monday, June 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. American International Group’s dividend payout ratio (DPR) is presently 412.92%.

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Several research analysts have recently issued reports on the company. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Credit Suisse Group set a $72.00 price target on American International Group and gave the stock a “buy” rating in a research report on Saturday, April 15th. J P Morgan Chase & Co reduced their price target on American International Group from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $71.00 price target on shares of American International Group in a research report on Monday, April 24th. Finally, Zacks Investment Research upgraded American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.09.

In related news, CEO Brian Duperreault acquired 80,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were bought at an average price of $61.48 per share, with a total value of $4,918,400.00. Following the transaction, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at $4,918,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

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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