Tiaa Fsb grew its position in shares of American International Group Inc (NYSE:AIG) by 27.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,472 shares of the insurance provider’s stock after acquiring an additional 52,442 shares during the quarter. Tiaa Fsb’s holdings in American International Group were worth $13,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Family Office LLC purchased a new position in shares of American International Group during the second quarter valued at approximately $28,000. Cerebellum GP LLC boosted its position in shares of American International Group by 145.2% during the third quarter. Cerebellum GP LLC now owns 591 shares of the insurance provider’s stock valued at $35,000 after buying an additional 350 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of American International Group during the third quarter valued at approximately $39,000. Clean Yield Group purchased a new position in shares of American International Group during the second quarter valued at approximately $40,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of American International Group during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 90.97% of the company’s stock.

Shares of AIG traded up $0.65 during mid-day trading on Wednesday, hitting $53.07. The stock had a trading volume of 443,384 shares, compared to its average volume of 4,686,864. The firm has a market cap of $45.94 billion, a P/E ratio of 45.36, a PEG ratio of 1.06 and a beta of 1.19. The business has a fifty day moving average price of $54.83 and a 200-day moving average price of $52.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.28 and a quick ratio of 0.28. American International Group Inc has a 52 week low of $36.16 and a 52 week high of $58.66.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.41%. American International Group’s payout ratio is 109.40%.

In related news, CEO Seraina Macia sold 7,550 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $56.00, for a total transaction of $422,800.00. Following the sale, the chief executive officer now directly owns 11,055 shares in the company, valued at approximately $619,080. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Several research analysts have weighed in on AIG shares. Wells Fargo & Co reissued a “buy” rating and issued a $64.00 price objective on shares of American International Group in a research report on Thursday, September 19th. William Blair raised American International Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 18th. ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut American International Group from a “buy” rating to a “hold” rating and set a $57.00 price objective on the stock. in a research report on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price objective on American International Group to $68.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $57.72.

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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