American International Group, Inc. (AIG) Shares Sold by Colony Group LLC

Colony Group LLC reduced its stake in American International Group, Inc. (NYSE:AIG) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,168 shares of the insurance provider’s stock after selling 13,006 shares during the period. American International Group accounts for 1.0% of Colony Group LLC’s holdings, making the stock its 23rd biggest holding. Colony Group LLC’s holdings in American International Group were worth $14,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of AIG. Israel Discount Bank of New York bought a new stake in American International Group in the first quarter valued at $145,000. Peddock Capital Advisors LLC increased 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 worth $159,000 after acquiring an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of American International Group by 0.5% during the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of American International Group by 30.3% during the second 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. Finally, Signaturefd LLC bought a new stake in shares of American International Group during the first quarter worth about $202,000. 83.98% of the stock is owned by hedge funds and other institutional investors.

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American International Group, Inc. (AIG) traded up 0.98% on Friday, reaching $63.16. 2,858,312 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $60.72 and its 200 day moving average price is $62.21. The company’s market cap is $57.06 billion. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. The company had revenue of $11.23 billion for 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 quarter last year, the firm posted $0.98 earnings per share. On average, analysts expect that American International Group, Inc. will post $3.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s payout ratio is -711.07%.

AIG has been the subject of several recent research reports. Royal Bank Of Canada reissued a “buy” rating and set a $73.00 target price on shares of American International Group in a research report on Wednesday, September 6th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub raised shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. American International Group currently has a consensus rating of “Hold” and an average price target of $68.35.

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.

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

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