American International Group Inc (NYSE:AIG) Position Reduced by Somerset Trust Co

Somerset Trust Co reduced its position in American International Group Inc (NYSE:AIG) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,076 shares of the insurance provider’s stock after selling 3,182 shares during the quarter. Somerset Trust Co’s holdings in American International Group were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Advisors Asset Management Inc. boosted its position 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 worth $100,000 after acquiring an additional 9,129 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in shares of American International Group during the second quarter worth $115,000. Kaizen Advisory LLC boosted its position in shares of American International Group by 152.1% during the second quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 1,325 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of American International Group by 2,967.9% during the first quarter. Summit Trail Advisors LLC now owns 136,769 shares of the insurance provider’s stock worth $137,000 after acquiring an additional 132,311 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in shares of American International Group by 3,312.4% during the second quarter. Integrated Investment Consultants LLC now owns 3,037 shares of the insurance provider’s stock worth $161,000 after acquiring an additional 2,948 shares during the last quarter. Institutional investors and hedge funds own 89.24% of the company’s stock.

AIG has been the subject of a number of research reports. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Wells Fargo & Co restated a “buy” rating and set a $62.00 target price on shares of American International Group in a research report on Monday, October 29th. Morgan Stanley set a $65.00 price objective on shares of American International Group and gave the company a “buy” rating in a research report on Wednesday, October 17th. Deutsche Bank lowered their price objective on shares of American International Group from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, October 22nd. Finally, ValuEngine lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $60.71.

AIG stock opened at $44.90 on Wednesday. American International Group Inc has a 52 week low of $39.29 and a 52 week high of $65.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $38.45 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, October 31st. The insurance provider reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.40). American International Group had a negative net margin of 12.73% and a positive return on equity of 3.38%. The business had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.44 billion. During the same quarter last year, the business earned ($1.22) EPS. Research analysts anticipate that American International Group Inc will post 2.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Tuesday, December 11th. American International Group’s dividend payout ratio is currently 53.33%.

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American International Group Company 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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