Cortland Advisers LLC decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 87.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,553 shares of the insurance provider’s stock after selling 489,194 shares during the quarter. Cortland Advisers LLC’s holdings in American International Group were worth $4,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Chicago Partners Investment Group LLC grew its stake in 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 valued at $165,000 after buying an additional 14 shares during the last quarter. Lyell Wealth Management LP grew its stake in American International Group by 0.5% in the 2nd quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock valued at $225,000 after buying an additional 18 shares during the last quarter. First Personal Financial Services grew its stake in American International Group by 0.6% in the 2nd quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock valued at $391,000 after buying an additional 38 shares during the last quarter. Usca Ria LLC grew its stake in American International Group by 0.4% in the 2nd quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock valued at $719,000 after buying an additional 50 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its stake in American International Group by 1.4% in the 1st quarter. Great Lakes Advisors LLC now owns 7,079 shares of the insurance provider’s stock valued at $442,000 after buying an additional 96 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

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AIG has been the topic of a number of research analyst reports. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Morgan Stanley upgraded shares of American International Group from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $62.87 to $61.82 in a research note on Tuesday, May 16th. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday, July 5th. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 target price on shares of American International Group in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. American International Group currently has an average rating of “Buy” and a consensus target price of $69.02.

American International Group, Inc. (AIG) traded down 0.799% during trading on Tuesday, hitting $60.215. 1,547,620 shares of the stock were exchanged. The stock’s market capitalization is $54.40 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The firm has a 50-day moving average of $63.21 and a 200-day moving average of $62.67. American International Group also was the recipient of unusually large options trading activity on Monday. Traders bought 6,560 put options on the company. This is an increase of approximately 151% compared to the typical volume of 2,614 put options.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equities research analysts anticipate that American International Group, Inc. will post $5.33 earnings per share for the current fiscal 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 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 2.11%. American International Group’s dividend payout ratio (DPR) is currently -711.07%.

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.

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

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