Gilder Gagnon Howe & Co. LLC maintained its position in American International Group, Inc. (NYSE:AIG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,303 shares of the insurance provider’s stock at the end of the second quarter. Gilder Gagnon Howe & Co. LLC’s holdings in American International Group were worth $207,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of AIG. Chicago Partners Investment Group LLC boosted its position 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 last quarter. Lyell Wealth Management LP boosted its position in American International Group by 0.5% in the second quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock valued at $225,000 after buying an additional 18 shares during the last quarter. Welch & Forbes LLC boosted its position 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 last quarter. Wetherby Asset Management Inc. boosted its position 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 last quarter. Finally, Great Lakes Advisors LLC boosted its position 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 last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

Shares of American International Group, Inc. (AIG) opened at 62.65 on Friday. The company’s market cap is $56.60 billion. The stock has a 50 day moving average price of $64.07 and a 200-day moving average price of $63.09. American International Group, Inc. has a 1-year low of $57.35 and a 1-year high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter last year, the business posted $0.98 earnings per share. Equities research analysts forecast that American International Group, Inc. will post $5.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.04%. American International Group’s dividend payout ratio is currently -711.07%.

American International Group declared that its board has approved a stock buyback program on Wednesday, May 3rd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 4.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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Several research firms recently commented on AIG. Credit Suisse Group set a $72.00 target price on American International Group and gave the stock a “buy” rating in a research report on Saturday, April 15th. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Deutsche Bank AG restated a “sell” rating and set a $60.00 target price (up from $57.00) on shares of American International Group in a research report on Wednesday. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. American International Group presently has a consensus rating of “Buy” and a consensus target price of $69.02.

In related news, CEO Brian Duperreault purchased 80,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average price of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the transaction, the chief executive officer now owns 80,000 shares in the company, valued at approximately $4,918,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

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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