Cramer Rosenthal Mcglynn LLC increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 773,380 shares of the insurance provider’s stock after purchasing an additional 9,790 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.09% of American International Group worth $47,478,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ grew its stake in shares of American International Group by 0.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 171,717 shares of the insurance provider’s stock worth $10,542,000 after acquiring an additional 900 shares in the last quarter. Hartford Investment Management Co. grew its stake in shares of American International Group by 1.5% during the 3rd quarter. Hartford Investment Management Co. now owns 223,599 shares of the insurance provider’s stock worth $13,727,000 after acquiring an additional 3,395 shares in the last quarter. Boston Private Wealth LLC grew its stake in shares of American International Group by 2.1% during the 3rd quarter. Boston Private Wealth LLC now owns 52,197 shares of the insurance provider’s stock worth $3,204,000 after acquiring an additional 1,058 shares in the last quarter. BB&T Securities LLC grew its stake in shares of American International Group by 455.8% during the 3rd quarter. BB&T Securities LLC now owns 51,135 shares of the insurance provider’s stock worth $3,139,000 after acquiring an additional 41,934 shares in the last quarter. Finally, Investment Centers of America Inc. bought a new position in shares of American International Group during the 3rd quarter worth approximately $200,000. 85.65% of the stock is owned by institutional investors.

Shares of American International Group, Inc. (AIG) opened at $59.26 on Tuesday. American International Group, Inc. has a twelve month low of $57.90 and a twelve month high of $67.47. The stock has a market capitalization of $53,829.69, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.17. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. During the same period in the prior year, the business earned $1.23 EPS. equities research analysts expect that American International Group, Inc. will post 2.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is -51.00%.

AIG has been the subject of several recent analyst reports. BidaskClub downgraded American International Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Bank of America cut their price objective on American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Morgan Stanley reissued a “buy” rating on shares of American International Group in a report on Tuesday, October 10th. Finally, Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $67.81.

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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.

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

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