Investors Sell Shares of American International Group (AIG) on Strength (AIG)

Investors sold shares of American International Group Inc (NYSE:AIG) on strength during trading on Tuesday. $140.18 million flowed into the stock on the tick-up and $214.07 million flowed out of the stock on the tick-down, for a money net flow of $73.89 million out of the stock. Of all stocks tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $1.05 for the day and closed at $40.96

Several equities analysts have recently issued reports on AIG shares. Zacks Investment Research raised shares of American International Group from a “strong sell” rating to a “hold” rating and set a $60.00 price target for the company in a research note on Wednesday, July 4th. ValuEngine downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. JPMorgan Chase & Co. set a $63.00 price target on shares of American International Group and gave the company a “hold” rating in a research note on Sunday, August 5th. Argus dropped their price target on shares of American International Group from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Finally, Morgan Stanley set a $65.00 price target on shares of American International Group and gave the company a “buy” rating in a research note on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $62.87.

The company has a market capitalization of $36.36 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.28 and a current ratio of 0.28.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.16). American International Group had a positive return on equity of 2.03% and a negative net margin of 13.67%. The firm had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.71 billion. During the same period in the prior year, the business earned $1.19 EPS. Equities analysts anticipate that American International Group Inc will post 3.18 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in American International Group by 56.3% during the second quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock worth $1,199,393,000 after buying an additional 8,149,702 shares during the last quarter. Macquarie Group Ltd. raised its stake in American International Group by 38,370.8% during the second quarter. Macquarie Group Ltd. now owns 12,733,842 shares of the insurance provider’s stock worth $675,148,000 after buying an additional 12,700,742 shares during the last quarter. Boston Partners raised its stake in American International Group by 82.5% during the second quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock worth $650,077,000 after buying an additional 5,543,692 shares during the last quarter. Northern Trust Corp raised its stake in American International Group by 4.8% during the second quarter. Northern Trust Corp now owns 10,430,195 shares of the insurance provider’s stock worth $553,009,000 after buying an additional 479,380 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in American International Group by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 9,413,923 shares of the insurance provider’s stock worth $499,125,000 after buying an additional 81,229 shares during the last quarter. 89.26% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile (NYSE:AIG)

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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