Cambria Investment Management L.P. decreased its position in American International Group, Inc. (NYSE:AIG) by 23.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,585 shares of the insurance provider’s stock after selling 6,058 shares during the period. Cambria Investment Management L.P.’s holdings in American International Group were worth $1,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its stake in American International Group by 12.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after purchasing an additional 1,300,900 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in American International Group by 27.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after purchasing an additional 2,103,522 shares in the last quarter. Alliancebernstein L.P. boosted its stake in American International Group by 1.7% in the 2nd quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock worth $589,743,000 after purchasing an additional 159,529 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in American International Group by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock worth $556,681,000 after purchasing an additional 584,450 shares in the last quarter. Finally, Boston Partners boosted its stake in American International Group by 262.4% in the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock worth $429,003,000 after purchasing an additional 4,968,504 shares in the last quarter. Institutional investors own 83.98% of the company’s stock.

A number of equities analysts recently issued reports on the stock. UBS AG dropped their price target on shares of American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company reiterated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research note on Sunday. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research note on Sunday, August 13th. Atlantic Securities cut shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $68.31.

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American International Group, Inc. (NYSE AIG) traded up 0.447% during midday trading on Thursday, hitting $61.855. 684,410 shares of the stock traded hands. The company has a 50-day moving average of $60.63 and a 200-day moving average of $62.19. The stock’s market cap is $55.88 billion. American International Group, Inc. has a 12 month low of $57.35 and a 12 month high of $67.47.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter last year, the company earned $0.98 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post $4.90 earnings per share for the current year.

The company also recently announced 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is -711.07%.

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.

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

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