Commerce Bank reduced its position in American International Group Inc (NYSE:AIG) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,922 shares of the insurance provider’s stock after selling 4,245 shares during the quarter. Commerce Bank’s holdings in American International Group were worth $1,113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AIG. Torray LLC grew its holdings in American International Group by 20.6% during the 3rd quarter. Torray LLC now owns 272,622 shares of the insurance provider’s stock worth $14,514,000 after acquiring an additional 46,532 shares during the last quarter. Tdam USA Inc. grew its holdings in American International Group by 1.4% during the 3rd quarter. Tdam USA Inc. now owns 129,377 shares of the insurance provider’s stock worth $6,741,000 after acquiring an additional 1,750 shares during the last quarter. Strategy Asset Managers LLC grew its holdings in American International Group by 29.9% during the 3rd quarter. Strategy Asset Managers LLC now owns 191,145 shares of the insurance provider’s stock worth $10,177,000 after acquiring an additional 44,025 shares during the last quarter. Victory Capital Management Inc. grew its holdings in American International Group by 2.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,393,514 shares of the insurance provider’s stock worth $74,191,000 after acquiring an additional 30,877 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in American International Group by 1.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 914,430 shares of the insurance provider’s stock worth $48,684,000 after acquiring an additional 10,009 shares during the last quarter. 89.24% of the stock is currently owned by hedge funds and other institutional investors.

American International Group stock opened at $43.82 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.26. American International Group Inc has a 12-month low of $39.29 and a 12-month high of $65.05. The firm has a market cap of $39.15 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.45 and a beta of 1.46.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.40). American International Group had a negative net margin of 12.73% and a positive return on equity of 3.44%. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.44 billion. During the same quarter in the previous year, the firm earned ($1.22) EPS. On average, equities research analysts expect that American International Group Inc will post 2.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, December 11th. This represents a $1.28 annualized dividend and a yield of 2.92%. American International Group’s payout ratio is 53.33%.

A number of research analysts have recently issued reports on the stock. Morgan Stanley dropped their price target on shares of American International Group from $65.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. Argus dropped their target price on shares of American International Group from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. JPMorgan Chase & Co. set a $55.00 target price on shares of American International Group and gave the company a “hold” rating in a research report on Thursday, November 1st. Deutsche Bank upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $62.00 target price on shares of American International Group in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. American International Group has a consensus rating of “Buy” and a consensus target price of $60.71.

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American International Group Profile

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

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