CS Mckee LP Sells 3,240 Shares of American International Group Inc (AIG)

CS Mckee LP cut its stake in shares of American International Group Inc (NYSE:AIG) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,192 shares of the insurance provider’s stock after selling 3,240 shares during the period. American International Group accounts for about 1.9% of CS Mckee LP’s portfolio, making the stock its 17th biggest position. CS Mckee LP’s holdings in American International Group were worth $24,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Pathstone Family Office LLC grew its stake in American International Group by 2,557.1% in the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after purchasing an additional 1,432 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in American International Group in the third quarter worth approximately $109,000. Peddock Capital Advisors LLC grew its stake in American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 1,271 shares in the last quarter. Rational Advisors LLC grew its stake in American International Group by 100.0% in the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares in the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

American International Group Inc (NYSE AIG) opened at $59.79 on Tuesday. The firm has a market capitalization of $53,497.07, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. American International Group Inc has a 52 week low of $57.90 and a 52 week high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter in the previous year, the business posted $1.23 EPS. equities research analysts expect that American International Group Inc will post 2.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. American International Group’s payout ratio is currently -51.00%.

Several analysts have issued reports on AIG shares. Bank of America dropped their target price on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. B. Riley reaffirmed a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.70.

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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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