Bokf Na Has $589,000 Holdings in American International Group, Inc. (NYSE:AIG)

Bokf Na trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,936 shares of the insurance provider’s stock after selling 296 shares during the period. Bokf Na’s holdings in American International Group were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Fortitude Family Office LLC increased its stake in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 239 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of American International Group during the second quarter worth $27,000. Rise Advisors LLC acquired a new stake in shares of American International Group during the first quarter worth $29,000. Valued Wealth Advisors LLC lifted its position in American International Group by 303.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 276 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 339 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AIG has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods reduced their price target on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. TD Cowen lowered their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a report on Tuesday, July 9th. Finally, Citigroup cut their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $83.88.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the sale, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

American International Group Price Performance

NYSE:AIG opened at $73.11 on Monday. The company has a market cap of $48.52 billion, a P/E ratio of 10.91, a P/E/G ratio of 3.60 and a beta of 1.06. The firm’s fifty day moving average price is $74.81 and its two-hundred day moving average price is $75.69. American International Group, Inc. has a one year low of $57.72 and a one year high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The company had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $1.75 EPS. Equities analysts expect that American International Group, Inc. will post 5.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.19%. American International Group’s payout ratio is currently 23.88%.

American International Group Company 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.