Chicago Equity Partners LLC Sells 3,020 Shares of American International Group, Inc. (AIG)

Chicago Equity Partners LLC lessened its stake in American International Group, Inc. (NYSE:AIG) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,720 shares of the insurance provider’s stock after selling 3,020 shares during the period. Chicago Equity Partners LLC’s holdings in American International Group were worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners increased its holdings in American International Group by 262.4% during the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after purchasing an additional 4,968,504 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after purchasing an additional 3,144,446 shares during the period. Prudential Financial Inc. increased its holdings in American International Group by 202.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after purchasing an additional 2,683,775 shares during the period. Renaissance Technologies LLC purchased a new position in American International Group during the 2nd quarter valued at about $134,359,000. Finally, TIAA CREF Investment Management LLC increased its holdings in American International Group by 27.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after purchasing an additional 2,103,522 shares during the period. 83.52% of the stock is owned by institutional investors.

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A number of research analysts recently issued reports on the company. B. Riley restated a “neutral” rating on shares of American International Group in a report on Monday, November 6th. Wells Fargo & Company reiterated a “buy” rating and set a $75.00 target price on shares of American International Group in a report on Sunday, October 1st. UBS AG reduced their target price on American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. BidaskClub downgraded American International Group from a “hold” rating to a “sell” rating in a report on Sunday, August 13th. Finally, Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group presently has an average rating of “Hold” and a consensus target price of $68.18.

American International Group, Inc. (AIG) opened at $62.00 on Tuesday. The stock has a market capitalization of $55,789.42, a P/E ratio of 24.73, a P/E/G ratio of 1.92 and a beta of 1.23. American International Group, Inc. has a 12-month low of $57.90 and a 12-month high of $67.47. 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 (NYSE:AIG) last released its quarterly earnings data 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 business had revenue of $12.67 billion during the quarter, compared to the consensus estimate 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 last year, the company posted $1.23 earnings per share. equities analysts anticipate that American International Group, Inc. will post 2.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.06%. American International Group’s dividend payout ratio (DPR) is presently -51.00%.

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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