FTB Advisors Inc. boosted its position in American International Group Inc (NYSE:AIG) by 147.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,868 shares of the insurance provider’s stock after buying an additional 1,711 shares during the period. FTB Advisors Inc.’s holdings in American International Group were worth $176,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors boosted its position in shares of American International Group by 0.4% in the third quarter. Capital Research Global Investors now owns 69,980,655 shares of the insurance provider’s stock worth $4,152,652,000 after buying an additional 270,600 shares in the last quarter. FMR LLC boosted its position in shares of American International Group by 67.3% in the fourth quarter. FMR LLC now owns 14,281,652 shares of the insurance provider’s stock worth $932,734,000 after buying an additional 5,745,079 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in American International Group by 14.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,274,953 shares of the insurance provider’s stock worth $669,056,000 after buying an additional 1,464,434 shares during the last quarter. Norges Bank bought a new stake in American International Group during the fourth quarter worth approximately $531,208,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in American International Group by 6.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,080,475 shares of the insurance provider’s stock worth $527,736,000 after buying an additional 482,379 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.
Shares of American International Group Inc (NYSE:AIG) traded down 1.206% during midday trading on Friday, reaching $61.045. The company had a trading volume of 3,308,965 shares. The stock has a market capitalization of $56.51 billion, a PE ratio of 124.075 and a beta of 1.32. The company’s 50-day moving average is $61.09 and its 200-day moving average is $63.37. American International Group Inc has a 1-year low of $48.41 and a 1-year high of $67.47.
American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.25. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $11 billion. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, equities research analysts forecast that American International Group Inc will post $5.00 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, June 12th. American International Group’s payout ratio is 290.92%.
A number of equities research analysts recently commented on AIG shares. TheStreet lowered American International Group from a “b-” rating to a “c” rating in a research report on Friday, February 24th. Royal Bank of Canada lowered their price target on American International Group from $72.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, February 17th. Credit Suisse Group AG set a $72.00 price target on American International Group and gave the company a “buy” rating in a research report on Thursday, March 2nd. Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a research report on Monday, February 27th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $75.00 price target on shares of American International Group in a research report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.60.
In other American International Group news, insider Philip Fasano sold 6,000 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $63.59, for a total value of $381,540.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.04% of the company’s stock.
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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