First Quadrant L P CA trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 38.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,200 shares of the insurance provider’s stock after selling 16,400 shares during the period. First Quadrant L P CA’s holdings in American International Group were worth $1,608,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Peddock Capital Advisors LLC lifted its holdings in American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the period. Linscomb & Williams Inc. acquired a new position in American International Group in the second quarter valued at approximately $204,000. Waldron LP acquired a new position in American International Group in the first quarter valued at approximately $208,000. Finally, Crow Point Partners LLC acquired a new position in American International Group in the second quarter valued at approximately $213,000. Institutional investors own 83.64% of the company’s stock.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). 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 posted $1.23 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.97%. American International Group’s payout ratio is -711.07%.

Several equities analysts recently weighed in on AIG shares. Buckingham Research started coverage on shares of American International Group in a report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company set a $75.00 price objective on shares of American International Group and gave the company a “buy” rating in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $68.18.

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American International Group 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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