American International Group Inc (AIG) Position Lowered by Patten & Patten Inc. TN

Patten & Patten Inc. TN cut its holdings in shares of American International Group Inc (NYSE:AIG) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,641 shares of the insurance provider’s stock after selling 10,403 shares during the period. Patten & Patten Inc. TN’s holdings in American International Group were worth $5,341,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in shares of American International Group by 334.7% during the fourth quarter. State of Alaska Department of Revenue now owns 97,947 shares of the insurance provider’s stock valued at $5,834,000 after buying an additional 75,415 shares during the last quarter. Nepsis Capital Management Inc. boosted its position in shares of American International Group by 8.2% during the fourth quarter. Nepsis Capital Management Inc. now owns 74,496 shares of the insurance provider’s stock valued at $4,438,000 after buying an additional 5,634 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in shares of American International Group during the fourth quarter valued at $212,000. Schwab Charles Investment Management Inc. boosted its position in shares of American International Group by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,749,012 shares of the insurance provider’s stock valued at $223,367,000 after buying an additional 155,545 shares during the last quarter. Finally, Private Trust Co. NA purchased a new stake in shares of American International Group during the fourth quarter valued at $213,000. 85.84% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the company. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research report on Friday, November 3rd. Barclays dropped their price objective on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $74.00 price objective on shares of American International Group in a research report on Wednesday, December 6th. Finally, ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $67.41.

Shares of American International Group Inc (NYSE:AIG) traded down $0.76 during trading hours on Monday, reaching $60.79. The company’s stock had a trading volume of 1,430,000 shares, compared to its average volume of 4,930,000. The stock has a market capitalization of $54,650.00, a PE ratio of -24.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.45.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period in the previous year, the business posted $1.23 earnings per share. equities analysts forecast that American International Group Inc will post 2.69 earnings per share for the current year.

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

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