Quantbot Technologies LP Sells 18,138 Shares of American International Group, Inc. (AIG)

Quantbot Technologies LP cut its holdings in American International Group, Inc. (NYSE:AIG) by 30.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,808 shares of the insurance provider’s stock after selling 18,138 shares during the quarter. Quantbot Technologies LP’s holdings in American International Group were worth $2,505,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pathstone Family Office LLC increased its stake in American International Group by 2,557.1% in the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after purchasing an additional 1,432 shares during the period. Peddock Capital Advisors LLC increased its stake in American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after purchasing an additional 1,271 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of American International Group during the third quarter worth about $200,000. Finally, Linscomb & Williams Inc. acquired a new position in shares of American International Group during the second quarter worth about $204,000. Institutional investors own 83.52% of the company’s stock.

WARNING: “Quantbot Technologies LP Sells 18,138 Shares of American International Group, Inc. (AIG)” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://transcriptdaily.com/2017/11/18/quantbot-technologies-lp-sells-18138-shares-of-american-international-group-inc-aig.html.

Shares of American International Group, Inc. (AIG) remained flat at $$60.06 during midday trading on Friday. 5,557,309 shares of the stock traded hands, compared to its average volume of 5,926,953. American International Group, Inc. has a twelve month low of $57.90 and a twelve month high of $67.47. The company has a market cap of $53,990.00, a PE ratio of 24.49, a P/E/G ratio of 1.91 and a beta of 1.23. The company has a quick ratio of 0.26, a current 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 during the quarter, compared to analysts’ expectations of $12.05 billion. During the same period last year, the company earned $1.23 EPS. analysts predict that American International Group, Inc. will post 2.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s payout ratio is -51.41%.

AIG has been the topic of a number of recent analyst reports. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $75.00 price target on shares of American International Group in a research note on Thursday, August 3rd. Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a “sell” rating and set a $60.00 price target (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $68.18.

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.

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

Receive News & Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply