Zurich Insurance Group Ltd FI trimmed its holdings in shares of American International Group Inc (NYSE:AIG) by 0.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 223,335 shares of the insurance provider’s stock after selling 1,587 shares during the period. Zurich Insurance Group Ltd FI’s holdings in American International Group were worth $11,899,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AIG. Clearbridge Investments LLC lifted its holdings in shares of American International Group by 39.7% during the 1st quarter. Clearbridge Investments LLC now owns 10,351,337 shares of the insurance provider’s stock worth $445,729,000 after acquiring an additional 2,943,241 shares during the period. Prudential Financial Inc. lifted its holdings in American International Group by 343.1% during the 2nd quarter. Prudential Financial Inc. now owns 3,576,403 shares of the insurance provider’s stock valued at $190,550,000 after purchasing an additional 2,769,272 shares during the last quarter. Balyasny Asset Management LLC bought a new position in American International Group during the 2nd quarter valued at about $96,444,000. Bank of New York Mellon Corp lifted its holdings in American International Group by 12.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,218,437 shares of the insurance provider’s stock valued at $650,999,000 after purchasing an additional 1,343,572 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in American International Group by 65.7% during the 2nd quarter. TD Asset Management Inc. now owns 2,753,723 shares of the insurance provider’s stock valued at $146,719,000 after purchasing an additional 1,092,328 shares during the last quarter. 90.97% of the stock is owned by institutional investors.

In other American International Group news, CEO Seraina Macia sold 7,550 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $56.00, for a total value of $422,800.00. Following the completion of the transaction, the chief executive officer now directly owns 11,055 shares of the company’s stock, valued at $619,080. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Several equities analysts recently issued reports on AIG shares. Zacks Investment Research downgraded shares of American International Group from a “buy” rating to a “hold” rating and set a $57.00 price target for the company. in a report on Thursday, August 8th. Wells Fargo & Co reissued a “buy” rating and set a $64.00 price target on shares of American International Group in a report on Thursday. Deutsche Bank downgraded shares of American International Group from a “buy” rating to a “hold” rating and set a $53.35 price target for the company. in a report on Wednesday, June 5th. They noted that the move was a valuation call. Morgan Stanley reissued a “buy” rating and set a $63.00 price target on shares of American International Group in a report on Monday, August 12th. Finally, ValuEngine downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. American International Group presently has a consensus rating of “Buy” and a consensus price target of $57.18.

Shares of NYSE AIG traded down $0.44 during trading on Friday, reaching $57.45. The company had a trading volume of 6,068,233 shares, compared to its average volume of 2,997,551. American International Group Inc has a 52 week low of $36.16 and a 52 week high of $58.66. The stock has a market cap of $50.15 billion, a PE ratio of 49.10, a PEG ratio of 1.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.28 and a current ratio of 0.28. The business’s 50 day moving average price is $54.60 and its 200-day moving average price is $51.01.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 7th. The insurance provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.26. American International Group had a negative net margin of 0.24% and a positive return on equity of 2.97%. The company had revenue of $12.16 billion during the quarter, compared to the consensus estimate of $12.07 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. Equities analysts anticipate that American International Group Inc will post 5.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s dividend payout ratio is presently 109.40%.

American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. 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, crop, and marine insurance.

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

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