American International Group, Inc. (AIG) Shares Bought by FDx Advisors Inc.

FDx Advisors Inc. increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,656 shares of the insurance provider’s stock after buying an additional 997 shares during the period. FDx Advisors Inc.’s holdings in American International Group were worth $1,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Capital Management LLC increased its holdings in American International Group by 4.0% during the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after buying an additional 1,760 shares during the last quarter. Girard Partners LTD. purchased a new stake in American International Group during the second quarter worth about $215,000. Oppenheimer & Co. Inc. increased its holdings in American International Group by 9.8% during the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after buying an additional 7,963 shares during the last quarter. AXA increased its holdings in American International Group by 113.5% during the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after buying an additional 218,583 shares during the last quarter. Finally, Allen Investment Management LLC increased its holdings in American International Group by 126.4% during the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after buying an additional 23,445 shares during the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.

Several equities analysts have recently weighed in on AIG shares. BidaskClub downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Bank of America Corporation reduced their target price on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Morgan Stanley reiterated a “buy” rating on shares of American International Group in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, B. Riley reiterated a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.18.

Shares of American International Group, Inc. (NYSE AIG) opened at $62.00 on Tuesday. The firm has a market cap of $55,740.00, a P/E ratio of 24.73, a PEG ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group, Inc. has a 1-year low of $57.90 and a 1-year high of $67.47.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $12.05 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. research analysts predict that American International Group, Inc. will post 2.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is -51.41%.

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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.

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

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