33,097 Shares in American International Group, Inc. (NYSE:AIG) Bought by Symmetry Investments LP

Symmetry Investments LP purchased a new position in American International Group, Inc. (NYSE:AIG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,097 shares of the insurance provider’s stock, valued at approximately $2,457,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Capital Research Global Investors increased its holdings in American International Group by 0.4% in the 4th quarter. Capital Research Global Investors now owns 41,770,175 shares of the insurance provider’s stock worth $2,829,930,000 after acquiring an additional 176,286 shares in the last quarter. Putnam Investments LLC increased its stake in shares of American International Group by 3.8% in the fourth quarter. Putnam Investments LLC now owns 8,245,693 shares of the insurance provider’s stock worth $558,646,000 after purchasing an additional 300,712 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of American International Group by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock valued at $477,802,000 after buying an additional 269,188 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in American International Group by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock worth $425,273,000 after buying an additional 31,340 shares during the period. Finally, Third Point LLC increased its stake in American International Group by 16.9% in the 4th quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock worth $233,738,000 after buying an additional 500,000 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 0.2 %

Shares of NYSE AIG opened at $73.76 on Friday. The business has a fifty day moving average price of $74.55 and a 200 day moving average price of $75.67. American International Group, Inc. has a 1-year low of $57.72 and a 1-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. The stock has a market capitalization of $48.95 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06.

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

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 2.17%. American International Group’s dividend payout ratio is presently 23.88%.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the transaction, the insider now directly owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 14,964,738 shares of company stock valued at $400,732,195 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AIG has been the topic of several research analyst reports. Citigroup lowered their price objective on 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. Wells Fargo & Company lowered their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Keefe, Bruyette & Woods lowered their target price on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Barclays assumed coverage on shares of American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. Finally, Bank of America lifted their price target on shares of American International Group from $81.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $83.88.

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.