Pillar Pacific Capital Management LLC acquired a new position in American International Group, Inc. (NYSE:AIG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 4,300 shares of the insurance provider’s stock, valued at approximately $264,000.

Several other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board grew its position in shares of American International Group by 12.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after buying an additional 1,300,900 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of American International Group by 27.1% during the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after purchasing an additional 2,103,522 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of American International Group by 1.7% during the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock valued at $589,743,000 after purchasing an additional 159,529 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of American International Group by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock valued at $556,681,000 after purchasing an additional 584,450 shares in the last quarter. Finally, Boston Partners boosted its position in shares of American International Group by 262.4% during the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after purchasing an additional 4,968,504 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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AIG has been the topic of several research reports. Zacks Investment Research lowered American International Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub lowered 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 set a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG restated a “sell” rating and set a $60.00 price target (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $68.18.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a positive return on equity of 3.41% and a negative net margin of 5.07%. During the same period in the previous year, the business earned $1.23 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. American International Group’s payout ratio is -51.00%.

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.

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

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