Neuberger Berman Group LLC Decreases Position in American International Group, Inc. (AIG)

Neuberger Berman Group LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 81.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 85,611 shares of the insurance provider’s stock after selling 369,297 shares during the period. Neuberger Berman Group LLC’s holdings in American International Group were worth $5,345,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Fayez Sarofim & Co. boosted its stake in American International Group by 49.1% in the third quarter. Fayez Sarofim & Co. now owns 12,170 shares of the insurance provider’s stock valued at $723,000 after buying an additional 4,008 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in American International Group by 6.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,080,475 shares of the insurance provider’s stock valued at $527,736,000 after buying an additional 482,379 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in American International Group by 5.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,619,173 shares of the insurance provider’s stock valued at $105,749,000 after buying an additional 84,078 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in American International Group by 0.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,362 shares of the insurance provider’s stock valued at $1,460,000 after buying an additional 210 shares in the last quarter. Finally, Beaumont Financial Partners LLC boosted its stake in American International Group by 0.3% in the fourth quarter. Beaumont Financial Partners LLC now owns 200,926 shares of the insurance provider’s stock valued at $13,122,000 after buying an additional 661 shares in the last quarter. 86.21% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of American International Group, Inc. (NYSE AIG) opened at 63.79 on Friday. The firm has a 50-day moving average of $62.68 and a 200-day moving average of $63.54. American International Group, Inc. has a 12-month low of $48.41 and a 12-month high of $67.47. The company has a market cap of $59.06 billion, a P/E ratio of 129.65 and a beta of 1.16.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.25. The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $11 billion. American International Group had a net margin of 1.00% and a return on equity of 5.36%. During the same quarter last year, the company earned $0.65 earnings per share. Analysts predict that American International Group, Inc. will post $5.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be paid a $0.32 dividend. The ex-dividend date is Monday, June 12th. This represents a $1.28 annualized dividend and a dividend yield of 2.01%. American International Group’s payout ratio is 412.92%.

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AIG has been the topic of several research reports. Royal Bank Of Canada cut their price objective on shares of American International Group from $72.00 to $71.00 and set an “outperform” rating on the stock in a research report on Friday, February 17th. BMO Capital Markets cut their price objective on shares of American International Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 17th. Barclays PLC reaffirmed a “buy” rating and issued a $74.00 price objective on shares of American International Group in a research report on Monday, February 20th. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Monday, February 27th. Finally, TheStreet lowered shares of American International Group from a “b-” rating to a “c” rating in a research note on Friday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $64.58.

In other American International Group news, CEO Brian Duperreault bought 80,000 shares of American International Group stock in a transaction dated Thursday, May 18th. The stock was purchased at an average price of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the purchase, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at $4,918,400. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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