Carl Domino Inc decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 56.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,120 shares of the insurance provider’s stock after selling 23,860 shares during the period. Carl Domino Inc’s holdings in American International Group were worth $1,112,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathstone Family Office LLC boosted its stake in shares of American International Group by 2,557.1% during the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after purchasing an additional 1,432 shares in the last quarter. Peddock Capital Advisors LLC boosted its stake in American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 1,271 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in American International Group during the third quarter worth about $200,000. Finally, Linscomb & Williams Inc. bought a new stake in American International Group during the second quarter worth about $204,000. 83.52% of the stock is currently owned by hedge funds and other institutional investors.
American International Group, Inc. (NYSE AIG) traded down $0.49 on Thursday, hitting $60.65. 1,810,971 shares of the stock traded hands, compared to its average volume of 5,929,857. 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, Inc. has a 1 year low of $57.90 and a 1 year high of $67.47. The stock has a market capitalization of $54,570.00, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.
American International Group (NYSE:AIG) last released its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $12.05 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. equities analysts predict that American International Group, Inc. will post 2.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 annualized dividend and a dividend yield of 2.11%. American International Group’s payout ratio is -51.41%.
Several equities research analysts recently commented on the stock. B. Riley reissued a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Wells Fargo & Company reissued a “buy” rating and set a $75.00 price objective on shares of American International Group in a research note on Sunday, October 1st. UBS AG dropped their price objective on shares of American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Sunday, August 13th. Finally, Atlantic Securities lowered shares of 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. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.18.
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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.
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