Banque Pictet & Cie SA Has $2.04 Million Holdings in American International Group, Inc. (NYSE:AIG)

Banque Pictet & Cie SA cut its holdings in American International Group, Inc. (NYSE:AIG) by 71.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,219 shares of the insurance provider’s stock after selling 81,736 shares during the quarter. Banque Pictet & Cie SA’s holdings in American International Group were worth $2,039,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AIG. Lyell Wealth Management LP lifted its position in shares of American International Group by 0.5% during the second quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock worth $225,000 after purchasing an additional 18 shares during the last quarter. First Personal Financial Services lifted its position in shares of American International Group by 0.6% during the second quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 38 shares during the last quarter. Usca Ria LLC lifted its position in shares of American International Group by 0.4% during the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after purchasing an additional 50 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of American International Group by 1.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 68 shares during the last quarter. Finally, Roundview Capital LLC lifted its position in shares of American International Group by 0.7% during the second quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock worth $647,000 after purchasing an additional 75 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Shares of American International Group, Inc. (NYSE:AIG) traded down $0.62 during midday trading on Monday, reaching $59.26. The company had a trading volume of 5,815,823 shares, compared to its average volume of 5,892,147. American International Group, Inc. has a 52-week low of $57.90 and a 52-week high of $67.47. The stock has a market capitalization of $53,270.00, a price-to-earnings ratio of 23.86, a P/E/G ratio of 1.97 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 (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 company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same period in the previous year, the firm posted $1.23 earnings per share. sell-side analysts anticipate that American International Group, Inc. will post 2.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is -51.41%.

Several research firms have recently weighed in on AIG. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Friday, November 3rd. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Deutsche Bank restated a “sell” rating and issued a $60.00 price objective (up from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Finally, Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.81.

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American International Group 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.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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