Andra AP fonden raised its stake in American International Group, Inc. (NYSE:AIG) by 17.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 71,700 shares of the insurance provider’s stock after buying an additional 10,800 shares during the period. Andra AP fonden’s holdings in American International Group were worth $4,483,000 as of its most recent filing with the SEC.

A number of other institutional investors have also 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 worth $165,000 after buying an additional 14 shares in the last quarter. Lyell Wealth Management LP boosted its stake 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 worth $225,000 after buying an additional 18 shares in the last quarter. First Personal Financial Services boosted its stake in American International Group by 0.6% in the second quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after buying an additional 38 shares in the last quarter. Usca Ria LLC boosted its stake in American International Group by 0.4% in the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after buying an additional 50 shares in the last quarter. Finally, 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 worth $1,002,000 after buying an additional 62 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

American International Group, Inc. (AIG) opened at 60.21 on Wednesday. American International Group, Inc. has a 12 month low of $57.35 and a 12 month high of $67.47. The company has a 50 day moving average price of $63.61 and a 200 day moving average price of $62.85. The stock’s market capitalization is $54.39 billion.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter last year, the firm earned $0.98 earnings per share. Equities research analysts predict that American International Group, Inc. will post $5.34 earnings per share for the current year.

The firm also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is currently -711.07%.

American International Group declared that its board has authorized a share repurchase plan on Wednesday, May 3rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the insurance provider to reacquire up to 4.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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A number of equities research analysts recently weighed in on the company. Deutsche Bank AG restated a “sell” rating and issued a $60.00 price target (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. TheStreet upgraded American International Group from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Wednesday, August 9th. BidaskClub cut American International Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $69.02.

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.

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

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