American International Group, Inc. (AIG) Position Raised by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,500 shares of the insurance provider’s stock after purchasing an additional 4,600 shares during the period. Macquarie Group Ltd.’s holdings in American International Group were worth $2,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Canada Pension Plan Investment Board grew its holdings 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 acquiring an additional 1,300,900 shares in the last quarter. TIAA CREF Investment Management LLC grew 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 acquiring an additional 2,103,522 shares in the last quarter. Alliancebernstein L.P. grew 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 acquiring an additional 159,529 shares in the last quarter. Bank of New York Mellon Corp grew 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 acquiring an additional 584,450 shares in the last quarter. Finally, Boston Partners grew its holdings in American International Group by 14.2% during the 3rd quarter. Boston Partners now owns 7,835,692 shares of the insurance provider’s stock worth $481,034,000 after acquiring an additional 973,835 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

AIG has been the topic of a number of recent research reports. Buckingham Research initiated coverage on shares of American International Group in a research report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price target on shares of American International Group in a research report on Wednesday, September 6th. Wells Fargo & Company set a $75.00 price target on shares of American International Group and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Barclays reduced their price target on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Finally, Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. American International Group presently has a consensus rating of “Hold” and a consensus price target of $67.81.

Shares of American International Group, Inc. (AIG) opened at $59.26 on Tuesday. The firm has a market cap of $53,829.69, a PE ratio of 23.86, a P/E/G ratio of 1.97 and a beta of 1.17. American International Group, Inc. has a 52-week low of $57.90 and a 52-week 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 issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The firm 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 quarter in the prior year, the business earned $1.23 earnings per share. equities analysts predict that American International Group, Inc. will post 2.76 earnings per share for the current year.

The company 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 of this dividend is Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.16%. American International Group’s dividend payout ratio is presently -51.00%.

TRADEMARK VIOLATION WARNING: “American International Group, Inc. (AIG) Position Raised by Macquarie Group Ltd.” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://sportsperspectives.com/2017/12/05/american-international-group-inc-aig-position-raised-by-macquarie-group-ltd.html.

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.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG).

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

Receive News & Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply