Westwood Holdings Group Inc. decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,516,366 shares of the insurance provider’s stock after selling 66,325 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.17% of American International Group worth $94,805,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Northern Capital Management LLC grew its holdings in shares of American International Group by 4.0% during the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after buying an additional 1,760 shares during the last quarter. Girard Partners LTD. purchased a new position in shares of American International Group during the second quarter worth about $215,000. Oppenheimer & Co. Inc. grew its holdings in shares of American International Group by 9.8% during the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after buying an additional 7,963 shares during the last quarter. AXA grew its holdings in shares of American International Group by 113.5% during the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after buying an additional 218,583 shares during the last quarter. Finally, Allen Investment Management LLC grew its holdings in shares of American International Group by 126.4% during the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after buying an additional 23,445 shares during the last quarter. 83.98% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the company. Morgan Stanley reissued a “buy” rating on shares of American International Group in a report on Tuesday. ValuEngine downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America Corporation reduced their price objective on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research report on Friday, October 6th. Finally, Wells Fargo & Company restated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research report on Sunday, October 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $68.35.

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Shares of American International Group, Inc. (NYSE:AIG) traded down 0.251% on Wednesday, hitting $61.625. The company had a trading volume of 2,068,202 shares. The company has a 50-day moving average of $60.65 and a 200 day moving average of $62.21. The stock has a market cap of $55.67 billion, a PE ratio of 513.542 and a beta of 1.16. 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 posted its quarterly earnings data 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 business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same period last year, the firm posted $0.98 earnings per share. Analysts anticipate that American International Group, Inc. will post $3.60 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s dividend payout ratio is presently -711.07%.

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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