Pathstone Family Office LLC Raises Stake in American International Group, Inc. (AIG)

Pathstone Family Office LLC lifted its position in American International Group, Inc. (NYSE:AIG) by 2,557.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,488 shares of the insurance provider’s stock after acquiring an additional 1,432 shares during the quarter. Pathstone Family Office LLC’s holdings in American International Group were worth $2,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AIG. Waldron LP acquired a new position in shares of American International Group in the 1st quarter worth approximately $208,000. First Trust Advisors LP grew its position in shares of American International Group by 4.0% in the 1st quarter. First Trust Advisors LP now owns 133,370 shares of the insurance provider’s stock worth $8,326,000 after acquiring an additional 5,086 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of American International Group by 23.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,029 shares of the insurance provider’s stock worth $4,309,000 after acquiring an additional 13,093 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of American International Group by 7.0% in the 1st quarter. Pzena Investment Management LLC now owns 6,389,150 shares of the insurance provider’s stock worth $398,875,000 after acquiring an additional 416,152 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of American International Group by 57.4% in the 1st quarter. Toronto Dominion Bank now owns 308,626 shares of the insurance provider’s stock worth $19,276,000 after acquiring an additional 112,575 shares in the last quarter. Institutional investors own 83.97% of the company’s stock.

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A number of research analysts recently issued reports on the company. Buckingham Research assumed coverage on American International Group in a research report on Monday, September 11th. They set an “underperform” rating and a $52.00 price objective for the company. Deutsche Bank AG restated a “sell” rating and set a $60.00 price objective (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. UBS AG reduced their price objective on American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Tuesday. Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Wednesday, August 9th. Finally, BidaskClub lowered American International Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $67.96.

Shares of American International Group, Inc. (AIG) traded up 0.42% on Tuesday, reaching $59.64. The company’s stock had a trading volume of 1,061,178 shares. The stock has a 50-day moving average of $61.84 and a 200 day moving average of $62.38. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The stock’s market capitalization is $53.88 billion.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period in the prior year, the company earned $0.98 EPS. On average, analysts expect that American International Group, Inc. will post $5.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.16%. American International Group’s dividend payout ratio (DPR) is presently -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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