Nordea Investment Management AB cut its stake in American International Group, Inc. (NYSE:AIG) by 25.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 422,248 shares of the insurance provider’s stock after selling 141,404 shares during the period. Nordea Investment Management AB’s holdings in American International Group were worth $26,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its position 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 valued at $165,000 after acquiring an additional 14 shares during the last quarter. Lyell Wealth Management LP lifted its position 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 valued at $225,000 after acquiring an additional 18 shares during the last quarter. First Personal Financial Services lifted its position 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 valued at $391,000 after acquiring an additional 38 shares during the last quarter. Usca Ria LLC lifted its position 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 valued at $719,000 after acquiring an additional 50 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its position in American International Group by 1.4% in the first quarter. Great Lakes Advisors LLC now owns 7,079 shares of the insurance provider’s stock valued at $442,000 after acquiring an additional 96 shares during the last quarter. 83.97% of the stock is owned by hedge funds and other institutional investors.

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American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion for 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 last year, the firm posted $0.98 EPS.

The company also recently disclosed 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. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.11%. American International Group’s dividend payout ratio is presently -711.07%.

A number of equities research analysts recently weighed in on AIG shares. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, July 5th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research note on Thursday, August 3rd. Finally, Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $67.96.

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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