South Dakota Investment Council trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 16.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,311 shares of the insurance provider’s stock after selling 118,100 shares during the period. South Dakota Investment Council owned approximately 0.07% of American International Group worth $36,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Boston Partners grew its position in shares of American International Group by 262.4% during the 2nd 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. Arrowstreet Capital Limited Partnership grew its position in shares of American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after purchasing an additional 3,144,446 shares in the last quarter. Prudential Financial Inc. grew its position in shares of American International Group by 202.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after purchasing an additional 2,683,775 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of American International Group during the 2nd quarter worth $134,359,000. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of American International Group by 27.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after acquiring an additional 2,103,522 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

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Shares of American International Group, Inc. (AIG) opened at $59.23 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $53,245.37, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. American International Group, Inc. has a one year low of $57.90 and a one year high of $67.47.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($2.45). The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period in the prior year, the firm earned $1.23 earnings per share. equities analysts anticipate that American International Group, Inc. will post 2.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is -51.00%.

A number of research firms have recently issued reports on AIG. Wells Fargo & Company reaffirmed a “buy” rating and set a $75.00 price objective on shares of American International Group in a report on Sunday, October 1st. Buckingham Research began coverage on shares of American International Group in a report on Monday, September 11th. They set an “underperform” rating and a $52.00 price objective for the company. Deutsche Bank AG reaffirmed a “sell” rating and set a $60.00 price objective (up from $57.00) on shares of American International Group in a report on Wednesday, August 9th. ValuEngine downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, UBS AG dropped their price objective on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.18.

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.

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

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