American International Group, Inc. (NYSE:AIG) Shares Bought by Holocene Advisors LP

Holocene Advisors LP grew its position in American International Group, Inc. (NYSE:AIG) by 23.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,554,519 shares of the insurance provider’s stock after purchasing an additional 486,736 shares during the period. Holocene Advisors LP’s holdings in American International Group were worth $187,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its holdings in American International Group by 348.6% during the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after acquiring an additional 44,797 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of American International Group by 80.9% during the 1st quarter. Cetera Advisors LLC now owns 9,224 shares of the insurance provider’s stock worth $721,000 after purchasing an additional 4,124 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of American International Group by 8.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 142,369 shares of the insurance provider’s stock worth $11,081,000 after purchasing an additional 10,581 shares during the last quarter. GAMMA Investing LLC lifted its stake in American International Group by 29.9% in the 2nd quarter. GAMMA Investing LLC now owns 8,770 shares of the insurance provider’s stock valued at $651,000 after buying an additional 2,018 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in American International Group by 10.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,720 shares of the insurance provider’s stock valued at $202,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AIG shares. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. UBS Group boosted their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.80.

American International Group Trading Down 0.3 %

AIG stock opened at $76.88 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $47.96 billion, a price-to-earnings ratio of -22.68, a PEG ratio of 7.62 and a beta of 1.05. The business has a fifty day simple moving average of $75.82 and a 200-day simple moving average of $75.46. American International Group, Inc. has a 52 week low of $64.81 and a 52 week high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the prior year, the firm posted $1.61 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.08%. American International Group’s dividend payout ratio is currently -47.20%.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.