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

Wealthfront Inc. lifted its stake in American International Group, Inc. (NYSE:AIG) by 20.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,884 shares of the insurance provider’s stock after acquiring an additional 4,387 shares during the period. Wealthfront Inc.’s holdings in American International Group were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Israel Discount Bank of New York acquired a new stake in shares of American International Group in the 1st quarter worth approximately $145,000. Peddock Capital Advisors LLC lifted its stake in shares of American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 1,271 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares during the period. Finally, Signaturefd LLC acquired a new stake in shares of American International Group in the 1st quarter worth approximately $202,000. 83.97% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on AIG. Buckingham Research assumed coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target for the company. Deutsche Bank AG reissued a “sell” rating and set a $60.00 target price (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. UBS AG cut their target price on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday. Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of American International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. American International Group has an average rating of “Hold” and a consensus price target of $67.96.

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American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (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 company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $12.61 billion. During the same period last year, the company earned $0.98 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.13%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

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.

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

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