TCW Group Inc. Purchases Shares of 406,060 American International Group, Inc. (AIG)

TCW Group Inc. acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 406,060 shares of the insurance provider’s stock, valued at approximately $24,928,000.

Other large investors also recently made changes to their positions in the company. Northern Capital Management LLC lifted its holdings in American International Group by 4.0% in the 2nd quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after purchasing an additional 1,760 shares in the last quarter. Girard Partners LTD. bought a new position in shares of American International Group during the 2nd quarter valued at approximately $215,000. Oppenheimer & Co. Inc. increased its position in shares of American International Group by 9.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock valued at $5,557,000 after purchasing an additional 7,963 shares during the last quarter. AXA increased its position in shares of American International Group by 113.5% during the 2nd quarter. AXA now owns 411,178 shares of the insurance provider’s stock valued at $25,707,000 after purchasing an additional 218,583 shares during the last quarter. Finally, Allen Investment Management LLC increased its position in shares of American International Group by 126.4% during the 2nd quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock valued at $2,626,000 after purchasing an additional 23,445 shares during the last quarter. Institutional investors own 83.52% of the company’s stock.

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American International Group, Inc. (NYSE:AIG) traded down $0.08 on Wednesday, reaching $61.38. The company’s stock had a trading volume of 1,235,668 shares, compared to its average volume of 5,938,173. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market cap of $55,735.48, a P/E ratio of 24.70, a PEG ratio of 1.92 and a beta of 1.23. American International Group, Inc. has a 12-month low of $57.90 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. analysts predict that American International Group, Inc. will post 2.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, December 7th. American International Group’s dividend payout ratio is currently -51.00%.

Several equities analysts have commented on the company. B. Riley reaffirmed a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Bank of America Corporation downgraded American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Friday, November 3rd. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Wells Fargo & Company set a $75.00 price objective on American International Group and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Barclays PLC decreased their price objective on American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.18.

American International Group Profile

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.

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

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