American International Group, Inc. (AIG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in American International Group, Inc. (NYSE:AIG) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,271,333 shares of the insurance provider’s stock after selling 7,436 shares during the period. Principal Financial Group Inc. owned 0.14% of American International Group worth $78,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lyell Wealth Management LP raised its holdings in shares of 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 worth $225,000 after buying an additional 18 shares during the last quarter. First Personal Financial Services raised its holdings in shares of 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 worth $391,000 after buying an additional 38 shares during the last quarter. Usca Ria LLC raised its holdings in shares of American International Group by 0.4% in the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after buying an additional 50 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of American International Group by 1.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after buying an additional 68 shares during the last quarter. Finally, Roundview Capital LLC raised its holdings in shares of American International Group by 0.7% in the second quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock worth $647,000 after buying an additional 75 shares during the last quarter. 83.52% of the stock is owned by institutional investors and hedge funds.

Shares of American International Group, Inc. (AIG) opened at $61.73 on Monday. American International Group, Inc. has a 52-week low of $57.90 and a 52-week high of $67.47. The stock has a market cap of $55,789.42, a PE ratio of 24.73, a PEG ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. During the same quarter last year, the business earned $1.23 EPS. sell-side analysts forecast that American International Group, Inc. will post 2.93 EPS for the current year.

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 annualized dividend and a dividend yield of 2.07%. American International Group’s dividend payout ratio (DPR) is -51.00%.

A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Bank of America Corporation cut their price objective on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Morgan Stanley reiterated a “buy” rating on shares of American International Group in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, B. Riley reiterated a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.18.

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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.

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

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