Chevy Chase Trust Holdings Inc. decreased its position in American International Group Inc (NYSE:AIG) by 18.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 857,022 shares of the insurance provider’s stock after selling 197,244 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.10% of American International Group worth $52,612,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peddock Capital Advisors LLC boosted its holdings in American International Group by 100.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after acquiring an additional 1,271 shares during the period. Rational Advisors LLC lifted its stake in shares of American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 1,500 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of American International Group by 30.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares during the last quarter. First Capital Advisors Group LLC. purchased a new stake in shares of American International Group during the 3rd quarter worth $200,000. Finally, Investment Centers of America Inc. purchased a new stake in shares of American International Group during the 3rd quarter worth $200,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Several research analysts recently issued reports on the company. Wells Fargo & Company reaffirmed a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Sunday, October 1st. Buckingham Research assumed coverage on American International Group in a research report on Monday, September 11th. They set an “underperform” rating and a $52.00 target price on the stock. ValuEngine lowered American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $74.00 target price on shares of American International Group in a research report on Wednesday. Finally, UBS reduced their target price on American International Group from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. American International Group currently has an average rating of “Hold” and a consensus price target of $67.70.
Shares of American International Group Inc (NYSE AIG) opened at $59.55 on Friday. The stock has a market capitalization of $53,964.53, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.98 and a beta of 1.17. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group Inc has a fifty-two week low of $57.90 and a fifty-two week high of $67.47.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.23 earnings per share. sell-side analysts predict that American International Group Inc will post 2.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is currently -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.
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