The Steinberg Global Asset Management Has $1,253,000 Position in American International Group, Inc. (AIG), Report finds

The Steinberg Global Asset Management Has $1,253,000 Position in American International Group, Inc. (AIG), Report finds

Other large investors also recently bought and sold shares of the company. University of Notre Dame DU Lac increased its stake in American International Group by 1.6% in the third quarter. University of Notre Dame DU Lac now owns 73,149 shares of the insurance provider’s stock worth $4,341,000 after buying an additional 1,128 shares during the last quarter. DSAM Partners London Ltd bought a new stake in American International Group during the third quarter worth about $3,028,000. Stephens Inc. AR increased its stake in American International Group by 7.6% in the third quarter. Stephens Inc. AR now owns 8,265 shares of the insurance provider’s stock worth $490,000 after buying an additional 585 shares during the last quarter. Pacer Advisors Inc. increased its stake in American International Group by 100.6% in the third quarter. Pacer Advisors Inc. now owns 20,593 shares of the insurance provider’s stock worth $1,222,000 after buying an additional 10,328 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in American International Group by 5.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 18,734 shares of the insurance provider’s stock worth $1,112,000 after buying an additional 918 shares during the last quarter. Institutional investors own 83.99% of the company’s stock.

Steinberg Global Asset Management decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 35.3% during the third quarter, Holdings Channel reports. The fund owned 21,115 shares of the insurance provider’s stock after selling 11,500 shares during the period. Steinberg Global Asset Management’s holdings in American International Group were worth $1,253,000 as of its most recent filing with the SEC.

American International Group, Inc. (NYSE:AIG) opened at 64.91 on Thursday. The firm has a 50-day moving average of $65.74 and a 200-day moving average of $61.72. The firm has a market cap of $66.67 billion, a price-to-earnings ratio of 211.43 and a beta of 1.32. American International Group, Inc. has a one year low of $48.41 and a one year high of $67.47.

A number of research firms have recently issued reports on AIG. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price target on shares of American International Group in a research report on Tuesday, January 24th. Argus reiterated a “buy” rating and set a $75.00 price target (up from $66.00) on shares of American International Group in a research report on Wednesday, January 11th. Credit Suisse Group upgraded shares of American International Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $61.00 to $75.00 in a research report on Friday, January 6th. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Monday, December 19th. Finally, FBR & Co lifted their price objective on American International Group from $57.00 to $64.00 and gave the stock a “mkt perform” rating in a research report on Monday, November 28th. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.08.

American International Group Company Profile

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

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