Dupont Capital Management Corp Lowers Stake in American International Group Inc (AIG)

Dupont Capital Management Corp decreased its stake in shares of American International Group Inc (NYSE:AIG) by 4.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 197,572 shares of the insurance provider’s stock after selling 9,192 shares during the quarter. Dupont Capital Management Corp’s holdings in American International Group were worth $10,519,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC grew its position in American International Group by 15.5% in the second quarter. Mount Yale Investment Advisors LLC now owns 7,307 shares of the insurance provider’s stock valued at $387,000 after purchasing an additional 983 shares in the last quarter. State Treasurer State of Michigan grew its position in American International Group by 0.4% in the second quarter. State Treasurer State of Michigan now owns 265,752 shares of the insurance provider’s stock valued at $14,090,000 after purchasing an additional 1,100 shares in the last quarter. Raymond James Trust N.A. grew its position in American International Group by 17.8% in the second quarter. Raymond James Trust N.A. now owns 7,485 shares of the insurance provider’s stock valued at $396,000 after purchasing an additional 1,130 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in American International Group by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 29,499 shares of the insurance provider’s stock valued at $1,564,000 after purchasing an additional 1,266 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its position in American International Group by 1.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 107,702 shares of the insurance provider’s stock valued at $5,711,000 after purchasing an additional 1,275 shares in the last quarter. 89.24% of the stock is owned by institutional investors.

AIG has been the subject of a number of analyst reports. Morgan Stanley set a $65.00 target price on shares of American International Group and gave the company a “buy” rating in a research report on Wednesday, October 17th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $62.00 target price on shares of American International Group in a research report on Monday, October 29th. Deutsche Bank raised shares of American International Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Argus cut their price target on shares of American International Group from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. set a $55.00 price target on shares of American International Group and gave the company a “hold” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $60.71.

Shares of AIG stock opened at $44.43 on Thursday. The firm has a market capitalization of $39.72 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.43 and a beta of 1.46. The company has a quick ratio of 0.28, a current ratio of 0.26 and a debt-to-equity ratio of 0.58. American International Group Inc has a one year low of $39.29 and a one year high of $65.05.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.40). The firm had revenue of $12 billion during the quarter, compared to analyst estimates of $12.44 billion. American International Group had a negative net margin of 12.73% and a positive return on equity of 3.44%. During the same quarter in the prior year, the business earned ($1.22) EPS. As a group, equities research analysts predict that American International Group Inc will post 2.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, December 11th. American International Group’s dividend payout ratio is currently 53.33%.

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American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. 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, and marine insurance.

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

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