Cobblestone Capital Advisors LLC NY Acquires 154 Shares of American International Group, Inc. $AIG

Cobblestone Capital Advisors LLC NY lifted its holdings in American International Group, Inc. (NYSE:AIG) by 3.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,608 shares of the insurance provider’s stock after purchasing an additional 154 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in American International Group were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Associates Ltd. raised its position in shares of American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock worth $670,000 after acquiring an additional 122 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in American International Group by 2.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 126 shares during the last quarter. Monument Capital Management raised its holdings in American International Group by 3.5% during the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 129 shares during the last quarter. Montag A & Associates Inc. raised its holdings in American International Group by 0.7% during the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider’s stock worth $1,546,000 after purchasing an additional 130 shares during the last quarter. Finally, Carnegie Investment Counsel raised its stake in shares of American International Group by 3.1% during the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider’s stock worth $375,000 after buying an additional 131 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.4%

Shares of AIG stock opened at $79.30 on Tuesday. The firm has a fifty day moving average of $79.89 and a 200-day moving average of $81.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company has a market capitalization of $43.93 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.78 and a beta of 0.68.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the prior year, the firm earned $1.16 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is presently 34.09%.

Analyst Ratings Changes

AIG has been the subject of a number of recent research reports. Evercore ISI boosted their price target on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Jefferies Financial Group upped their target price on shares of American International Group from $96.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods dropped their price objective on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. upped their target price on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average price target of $89.81.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.