Quantitative Systematic Strategies LLC Raises Position in American International Group, Inc. (AIG)

Quantitative Systematic Strategies LLC increased its holdings in American International Group, Inc. (NYSE:AIG) by 46.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,400 shares of the insurance provider’s stock after acquiring an additional 6,120 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in American International Group were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AIG. Peddock Capital Advisors LLC increased its stake in shares of American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 1,271 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares in the last quarter. Signaturefd LLC bought a new position in shares of American International Group in the 1st quarter worth about $202,000. Linscomb & Williams Inc. bought a new position in shares of American International Group in the 2nd quarter worth about $204,000. Finally, Waldron LP bought a new position in shares of American International Group in the 1st quarter worth about $208,000. Institutional investors own 83.96% of the company’s stock.

AIG has been the subject of several research reports. Buckingham Research initiated coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target for the company. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price target on shares of American International Group in a research note on Wednesday, September 6th. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $68.18.

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Shares of American International Group, Inc. (NYSE AIG) traded down 0.31% during mid-day trading on Friday, hitting $64.87. 6,871,243 shares of the stock were exchanged. The stock’s 50 day moving average is $61.33 and its 200-day moving average is $62.30. The stock’s market cap is $58.60 billion. American International Group, Inc. has a 12 month low of $57.35 and a 12 month high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period in the previous year, the company posted $0.98 earnings per share. On average, analysts anticipate that American International Group, Inc. will post $3.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.97%. American International Group’s dividend payout ratio (DPR) is currently -711.07%.

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.

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

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