American International Group Inc (AIG) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in shares of American International Group Inc (NYSE:AIG) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,766 shares of the insurance provider’s stock after purchasing an additional 3,447 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in American International Group were worth $15,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. First Republic Investment Management Inc. lifted its holdings in shares of American International Group by 27.2% during the third quarter. First Republic Investment Management Inc. now owns 659,677 shares of the insurance provider’s stock valued at $40,498,000 after purchasing an additional 141,116 shares in the last quarter. EJF Capital LLC purchased a new stake in American International Group during the third quarter valued at $4,604,000. Caisse DE Depot ET Placement DU Quebec increased its position in American International Group by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 304,715 shares of the insurance provider’s stock valued at $18,785,000 after acquiring an additional 6,000 shares during the last quarter. Synovus Financial Corp increased its position in American International Group by 1.9% during the third quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock valued at $5,715,000 after acquiring an additional 1,727 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in American International Group by 10.3% during the third quarter. Private Advisor Group LLC now owns 18,101 shares of the insurance provider’s stock valued at $1,118,000 after acquiring an additional 1,687 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American International Group Inc (AIG) opened at $60.03 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $53,515.05, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. American International Group Inc has a 1 year low of $57.90 and a 1 year high of $67.47.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter in the previous year, the company earned $1.23 EPS. sell-side analysts expect that American International Group Inc will post 2.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is -51.00%.

AIG has been the subject of a number of research reports. BidaskClub cut American International Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Bank of America reduced their price objective on American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley reiterated a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, Atlantic Securities cut 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 research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $67.70.

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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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