American International Group, Inc. (AIG) is Poplar Forest Capital LLC’s 8th Largest Position

Poplar Forest Capital LLC cut its position in shares of American International Group, Inc. (NYSE:AIG) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 777,946 shares of the insurance provider’s stock after selling 4,091 shares during the quarter. American International Group comprises about 4.2% of Poplar Forest Capital LLC’s holdings, making the stock its 8th largest position. Poplar Forest Capital LLC owned 0.08% of American International Group worth $48,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Amalgamated Bank increased its position in shares of American International Group by 47.8% during the second quarter. Amalgamated Bank now owns 103,847 shares of the insurance provider’s stock worth $6,493,000 after buying an additional 33,595 shares during the period. Nationwide Fund Advisors increased its position in shares of American International Group by 14.7% during the second quarter. Nationwide Fund Advisors now owns 665,019 shares of the insurance provider’s stock worth $41,577,000 after buying an additional 85,093 shares during the period. Rock Point Advisors LLC acquired a new stake in shares of American International Group during the second quarter worth $2,535,000. Dorsey & Whitney Trust CO LLC increased its position in shares of American International Group by 26.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 4,463 shares of the insurance provider’s stock worth $280,000 after buying an additional 939 shares during the period. Finally, Norinchukin Bank The increased its position in shares of American International Group by 8.5% during the second quarter. Norinchukin Bank The now owns 62,559 shares of the insurance provider’s stock worth $3,911,000 after buying an additional 4,923 shares during the period. Institutional investors own 84.02% of the company’s stock.

Several equities research analysts have recently weighed in on AIG shares. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, July 5th. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. Finally, Atlantic Securities cut shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $68.08.

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American International Group, Inc. (AIG) traded down 0.32% on Friday, hitting $59.62. 9,334,444 shares of the company’s stock were exchanged. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The stock’s market cap is $53.86 billion. The firm has a 50 day moving average price of $62.01 and a 200-day moving average price of $62.44.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Analysts predict that American International Group, Inc. will post $5.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -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.

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

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