HighTower Advisors LLC trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 15.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 152,432 shares of the insurance provider’s stock after selling 28,265 shares during the quarter. HighTower Advisors LLC’s holdings in American International Group were worth $9,546,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Waldron LP bought a new stake in shares of American International Group during the 1st quarter worth $208,000. Pacer Advisors Inc. lifted its position in shares of American International Group by 3.8% during the 1st quarter. Pacer Advisors Inc. now owns 19,728 shares of the insurance provider’s stock worth $1,232,000 after buying an additional 722 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of American International Group by 2.3% during the 1st quarter. Nordea Investment Management AB now owns 563,652 shares of the insurance provider’s stock worth $35,189,000 after buying an additional 12,467 shares during the last quarter. Weik Investment Services Inc. lifted its position in shares of American International Group by 4.1% during the 1st quarter. Weik Investment Services Inc. now owns 23,075 shares of the insurance provider’s stock worth $1,441,000 after buying an additional 900 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of American International Group by 138.8% during the 1st quarter. Private Advisor Group LLC now owns 52,376 shares of the insurance provider’s stock worth $1,515,000 after buying an additional 30,445 shares during the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.

Several brokerages recently weighed in on AIG. Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG restated a “sell” rating and set a $60.00 price objective (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Finally, Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. American International Group presently has a consensus rating of “Hold” and a consensus target price of $67.96.

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American International Group, Inc. (NYSE AIG) traded up 0.69% during midday trading on Friday, reaching $61.39. The company had a trading volume of 4,337,025 shares. The stock’s market capitalization is $55.46 billion. American International Group, Inc. has a one year low of $57.35 and a one year high of $67.47. The company has a 50-day moving average price of $61.67 and a 200-day moving average price of $62.35.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities analysts expect that American International Group, Inc. will post $5.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.09%. American International Group’s dividend payout ratio is presently -711.07%.

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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