Schneider Capital Management Corp increased its position in shares of American International Group Inc (NYSE:AIG) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,849 shares of the insurance provider’s stock after buying an additional 1,500 shares during the period. American International Group comprises approximately 0.9% of Schneider Capital Management Corp’s holdings, making the stock its 29th largest holding. Schneider Capital Management Corp’s holdings in American International Group were worth $4,517,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in AIG. Advisors Asset Management Inc. increased its stake in shares of American International Group by 21,735.7% during the second quarter. Advisors Asset Management Inc. now owns 9,171 shares of the insurance provider’s stock valued at $100,000 after buying an additional 9,129 shares during the period. Atlas Capital Advisors LLC purchased a new position in American International Group in the second quarter valued at about $115,000. Kaizen Advisory LLC grew its stake in American International Group by 152.1% in the second quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock valued at $116,000 after purchasing an additional 1,325 shares during the last quarter. Zions Bancorporation purchased a new position in American International Group in the third quarter valued at about $124,000. Finally, Financial Engines Advisors L.L.C. grew its stake in American International Group by 350.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 2,890 shares of the insurance provider’s stock valued at $154,000 after purchasing an additional 2,248 shares during the last quarter. Hedge funds and other institutional investors own 89.34% of the company’s stock.
Several equities analysts have issued reports on the company. ValuEngine lowered American International Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. JPMorgan Chase & Co. set a $63.00 target price on American International Group and gave the company a “hold” rating in a research note on Sunday, August 5th. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Argus cut their target price on American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Finally, Morgan Stanley set a $65.00 target price on American International Group and gave the company a “buy” rating in a research note on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. American International Group currently has a consensus rating of “Buy” and an average target price of $60.02.
American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.40). American International Group had a positive return on equity of 3.44% and a negative net margin of 12.73%. The business had revenue of $12 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same quarter in the previous year, the firm posted ($1.22) EPS. Sell-side analysts predict that American International Group Inc will post 2.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.89%. American International Group’s payout ratio is 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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