GSA Capital Partners LLP acquired a new position in American International Group, Inc. (NYSE:AIG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,532 shares of the insurance provider’s stock, valued at approximately $1,659,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pathstone Family Office LLC raised its holdings in American International Group by 2,557.1% in the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after purchasing an additional 1,432 shares in the last quarter. Israel Discount Bank of New York bought a new position in American International Group in the 1st quarter worth $145,000. Peddock Capital Advisors LLC raised its holdings in American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 14 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

TRADEMARK VIOLATION WARNING: “GSA Capital Partners LLP Invests $1.66 Million in American International Group, Inc. (AIG) Stock” was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/gsa-capital-partners-llp-invests-1-66-million-in-american-international-group-inc-aig-stock/1584868.html.

Shares of American International Group, Inc. (AIG) opened at 60.71 on Friday. The stock’s market capitalization is $54.85 billion. The company’s 50-day moving average is $61.67 and its 200 day moving average is $62.35. 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 announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the Zacks’ 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 negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period in the previous year, the company posted $0.98 earnings per share. Equities research analysts predict that American International Group, Inc. will post $5.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.11%. American International Group’s dividend payout ratio is presently -711.07%.

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

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.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG).

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

Receive News & Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.