UBS Asset Management Americas Inc. Buys 30,703 Shares of American International Group, Inc. (AIG)

UBS Asset Management Americas Inc. lifted its stake in American International Group, Inc. (NYSE:AIG) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,054,650 shares of the insurance provider’s stock after purchasing an additional 30,703 shares during the period. UBS Asset Management Americas Inc. owned 0.33% of American International Group worth $190,977,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AIG. Pathstone Family Office LLC raised its stake in American International Group by 2,557.1% during the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after buying an additional 1,432 shares during the period. Amalgamated Bank raised its stake in American International Group by 47.8% during the 2nd 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 raised its stake in American International Group by 14.7% during the 2nd 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 American International Group during the 2nd quarter worth $2,535,000. Finally, Dorsey & Whitney Trust CO LLC raised its stake in American International Group by 26.6% during the 2nd 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. Institutional investors and hedge funds own 83.97% of the company’s stock.

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Several analysts recently commented on the company. UBS AG dropped their price objective on American International Group from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. BidaskClub raised American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price objective on shares of American International Group in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a $60.00 price objective (up previously from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $67.96.

American International Group, Inc. (AIG) traded up 0.39% during mid-day trading on Tuesday, hitting $59.62. The company had a trading volume of 1,457,345 shares. American International Group, Inc. has a 12-month low of $57.35 and a 12-month high of $67.47. The firm’s market capitalization is $53.86 billion. The company’s 50 day moving average price is $61.84 and its 200-day moving average price is $62.38.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates 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 business posted $0.98 EPS. On average, analysts forecast that American International Group, Inc. will post $5.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.16%. American International Group’s dividend payout ratio (DPR) is -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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