King Luther Capital Management Corp trimmed its position in American International Group Inc (NYSE:AIG) by 19.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,259 shares of the insurance provider’s stock after selling 2,235 shares during the period. King Luther Capital Management Corp’s holdings in American International Group were worth $568,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. EJF Capital LLC bought a new stake in shares of American International Group in the third quarter valued at about $4,604,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of American International Group by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 304,715 shares of the insurance provider’s stock valued at $18,785,000 after purchasing an additional 6,000 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of American International Group by 1.9% in the third quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock valued at $5,715,000 after purchasing an additional 1,727 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of American International Group by 10.3% in the third quarter. Private Advisor Group LLC now owns 18,101 shares of the insurance provider’s stock valued at $1,118,000 after purchasing an additional 1,687 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of American International Group by 1.3% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 773,380 shares of the insurance provider’s stock valued at $47,478,000 after purchasing an additional 9,790 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

A number of brokerages have recently commented on AIG. Wells Fargo & Company restated a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Sunday, October 1st. Goldman Sachs Group began coverage on American International Group in a report on Monday, December 4th. They issued a “neutral” rating and a $61.00 price target on the stock. UBS cut their price target on American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a report on Sunday, August 13th. Finally, ValuEngine lowered American International Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $67.70.

Shares of American International Group Inc (NYSE AIG) opened at $59.51 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $53,497.05, a PE ratio of 23.71, a P/E/G ratio of 1.96 and a beta of 1.17. American International Group Inc has a 12-month low of $57.90 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same period in the prior year, the firm posted $1.23 EPS. research analysts expect that American International Group Inc will post 2.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is presently -51.00%.

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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.

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

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