Orbis Allan Gray Ltd boosted its stake in American International Group, Inc. (NYSE:AIG) by 19.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,171,820 shares of the insurance provider’s stock after purchasing an additional 674,670 shares during the period. American International Group comprises approximately 1.6% of Orbis Allan Gray Ltd’s investment portfolio, making the stock its 25th biggest position. Orbis Allan Gray Ltd owned approximately 0.46% of American International Group worth $260,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Garner Asset Management Corp acquired a new stake in American International Group in the second quarter valued at $359,000. Clinton Group Inc. lifted its holdings in American International Group by 13.2% during the 2nd quarter. Clinton Group Inc. now owns 25,137 shares of the insurance provider’s stock worth $1,572,000 after buying an additional 2,926 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new position in American International Group during the 2nd quarter worth about $229,000. Tudor Investment Corp ET AL lifted its holdings in American International Group by 53.0% during the 2nd quarter. Tudor Investment Corp ET AL now owns 92,257 shares of the insurance provider’s stock worth $5,768,000 after buying an additional 31,951 shares during the period. Finally, First Allied Advisory Services Inc. lifted its holdings in American International Group by 4.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 7,541 shares of the insurance provider’s stock worth $472,000 after buying an additional 319 shares during the period. Institutional investors and hedge funds own 83.98% of the company’s stock.

A number of research firms have commented on AIG. Wells Fargo & Company reiterated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research report on Sunday. Buckingham Research began coverage on American International Group in a research report on Monday, September 11th. They set an “underperform” rating and a $52.00 price objective for the company. Deutsche Bank AG restated a “sell” rating and set a $60.00 price objective (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. UBS AG cut their price objective on American International Group from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 19th. Finally, Atlantic Securities lowered 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 assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group presently has an average rating of “Hold” and a consensus target price of $68.31.

Shares of American International Group, Inc. (AIG) traded down 0.68% during mid-day trading on Tuesday, reaching $61.44. The company had a trading volume of 1,103,162 shares. The firm has a 50-day moving average of $60.71 and a 200-day moving average of $62.20. The company’s market capitalization is $55.51 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 announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. On average, equities analysts anticipate that American International Group, Inc. will post $5.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.07%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

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About American International Group

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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