TIAA FSB decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,719 shares of the insurance provider’s stock after selling 3,250 shares during the period. TIAA FSB’s holdings in American International Group were worth $15,208,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Peddock Capital Advisors LLC boosted its position in shares of 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 valued at $159,000 after buying an additional 1,271 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in American International Group by 30.3% in the second 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. Signaturefd LLC purchased a new position in American International Group in the first quarter worth $202,000. Linscomb & Williams Inc. purchased a new position in American International Group in the second quarter worth $204,000. Finally, Waldron LP purchased a new position in American International Group in the first quarter worth $208,000. 83.55% of the stock is currently owned by institutional investors.
American International Group, Inc. (NYSE:AIG) traded down $0.18 during trading on Friday, reaching $62.06. The company had a trading volume of 4,422,200 shares, compared to its average volume of 5,944,923. American International Group, Inc. has a twelve month low of $57.90 and a twelve month high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.27 and a current ratio of 0.26. The stock has a market capitalization of $55,951.23, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.23.
American International Group (NYSE:AIG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.05 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. equities research analysts predict that American International Group, Inc. will post 2.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s payout ratio is -51.00%.
Several research firms have weighed in on AIG. Wells Fargo & Company reissued a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research report on Sunday, October 1st. Buckingham Research began coverage on American International Group in a research report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective on the stock. Deutsche Bank AG reissued a “sell” rating and issued a $60.00 price objective (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, UBS AG cut their price objective 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. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $68.18.
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About American International Group
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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