Mutual of America Capital Management LLC Reduces Position in American International Group, Inc. (AIG)

Mutual of America Capital Management LLC reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 143,648 shares of the insurance provider’s stock after selling 5,520 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American International Group were worth $8,981,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board raised its stake in American International Group by 12.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after buying an additional 1,300,900 shares during the period. 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 worth $616,283,000 after purchasing an additional 2,103,522 shares in the last quarter. Alliancebernstein L.P. increased its holdings in American International Group by 1.7% during the 2nd quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock worth $589,743,000 after purchasing an additional 159,529 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in American International Group by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock worth $556,681,000 after purchasing an additional 584,450 shares in the last quarter. Finally, 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 worth $429,003,000 after purchasing an additional 4,968,504 shares in the last quarter. 83.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of American International Group, Inc. (AIG) traded down 0.25% during trading on Monday, reaching $59.47. The company’s stock had a trading volume of 1,612,469 shares. The company’s market capitalization is $53.73 billion. American International Group, Inc. has a one year low of $57.35 and a one year high of $67.47. The firm’s 50-day moving average price is $62.01 and its 200-day moving average price is $62.44.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same quarter last year, the business earned $0.98 earnings per share. On average, equities analysts anticipate that American International Group, Inc. will post $5.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.32 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.15%. American International Group’s dividend payout ratio (DPR) is -711.07%.

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AIG has been the subject of a number of recent research reports. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Wednesday, July 5th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $75.00 price objective on shares of American International Group in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.08.

American International Group Company 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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