ProShare Advisors LLC Has $11.06 Million Holdings in American International Group, Inc. $AIG

ProShare Advisors LLC lowered its position in American International Group, Inc. (NYSE:AIG) by 8.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 129,250 shares of the insurance provider’s stock after selling 11,851 shares during the period. ProShare Advisors LLC’s holdings in American International Group were worth $11,063,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AIG. GQG Partners LLC raised its stake in American International Group by 33,315.0% during the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after buying an additional 18,852,949 shares during the last quarter. Nuveen LLC acquired a new stake in American International Group during the 1st quarter worth about $440,273,000. AQR Capital Management LLC grew its holdings in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares during the period. Raymond James Financial Inc. raised its position in shares of American International Group by 151.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after acquiring an additional 1,980,001 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of American International Group by 22.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock valued at $792,340,000 after purchasing an additional 1,694,290 shares during the period. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent analyst reports. Cfra Research raised American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American International Group in a research report on Wednesday, October 8th. Jefferies Financial Group dropped their target price on shares of American International Group from $99.00 to $96.00 in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.00.

American International Group Stock Up 2.4%

American International Group stock opened at $77.99 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $78.88 and its two-hundred day moving average price is $81.09. The firm has a market capitalization of $42.08 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.63. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the firm earned $1.23 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group’s dividend payout ratio is 32.73%.

American International Group Company 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.