American International Group Inc (NYSE:AIG) Shares Purchased by MRJ Capital Inc.

MRJ Capital Inc. raised its holdings in shares of American International Group Inc (NYSE:AIG) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,219 shares of the insurance provider’s stock after purchasing an additional 800 shares during the quarter. American International Group accounts for 1.7% of MRJ Capital Inc.’s portfolio, making the stock its 26th largest position. MRJ Capital Inc.’s holdings in American International Group were worth $2,908,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AIG. Pillar Pacific Capital Management LLC bought a new position in American International Group during the 2nd quarter worth approximately $240,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of American International Group by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,959,749 shares of the insurance provider’s stock worth $264,256,000 after purchasing an additional 58,996 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of American International Group by 42.3% in the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 20,057 shares of the insurance provider’s stock worth $1,066,000 after purchasing an additional 5,960 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of American International Group by 1.2% in the 2nd quarter. First Republic Investment Management Inc. now owns 250,317 shares of the insurance provider’s stock worth $13,337,000 after purchasing an additional 2,897 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of American International Group by 8.5% in the 2nd quarter. Janus Henderson Group PLC now owns 291,972 shares of the insurance provider’s stock worth $15,554,000 after purchasing an additional 22,980 shares during the last quarter. Hedge funds and other institutional investors own 90.99% of the company’s stock.

American International Group stock traded down $0.69 during mid-day trading on Wednesday, hitting $54.72. 2,668,133 shares of the company’s stock traded hands, compared to its average volume of 4,548,565. The firm has a 50 day moving average price of $54.40 and a 200 day moving average price of $53.71. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. The company has a market cap of $47.69 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 1.21 and a beta of 1.19. American International Group Inc has a one year low of $36.16 and a one year high of $58.66.

American International Group (NYSE:AIG) last announced its earnings results on Friday, November 1st. The insurance provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.43). The business had revenue of $11.99 billion for the quarter, compared to the consensus estimate of $12.03 billion. American International Group had a net margin of 3.56% and a return on equity of 4.17%. During the same period in the previous year, the firm earned ($0.34) EPS. On average, analysts expect that American International Group Inc will post 4.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.34%. American International Group’s payout ratio is currently 109.40%.

Several analysts recently issued reports on AIG shares. Wells Fargo & Co reissued a “buy” rating and issued a $64.00 price target on shares of American International Group in a report on Friday, November 1st. Barclays raised their price target on American International Group from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. UBS Group raised their price target on American International Group from $59.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. ValuEngine raised American International Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price target on American International Group to $68.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. American International Group has an average rating of “Buy” and a consensus price target of $59.20.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. 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, crop, and marine insurance.

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

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