American International Group, Inc. (NYSE:AIG) Position Increased by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY boosted its holdings in American International Group, Inc. (NYSE:AIG) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,083 shares of the insurance provider’s stock after buying an additional 475 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in American International Group were worth $377,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in American International Group during the 4th quarter worth about $746,005,000. Swedbank AB purchased a new position in shares of American International Group in the first quarter worth approximately $99,951,000. Canada Pension Plan Investment Board raised its holdings in shares of American International Group by 98.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock valued at $148,053,000 after acquiring an additional 941,607 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of American International Group by 95.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,221,724 shares of the insurance provider’s stock valued at $82,772,000 after acquiring an additional 597,661 shares in the last quarter. Finally, Third Point LLC boosted 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 purchasing an additional 500,000 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder International Group American sold 8,032,129 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

American International Group Stock Down 2.6 %

American International Group stock traded down $1.93 during mid-day trading on Friday, hitting $71.91. 7,205,390 shares of the company’s stock were exchanged, compared to its average volume of 4,151,511. American International Group, Inc. has a 1-year low of $57.72 and a 1-year high of $80.83. The stock has a 50 day moving average of $75.02 and a two-hundred day moving average of $75.55. The stock has a market cap of $47.72 billion, a P/E ratio of 10.73, a P/E/G ratio of 3.84 and a beta of 1.06. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS 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 company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. During the same period in the prior year, the company posted $1.75 EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that American International Group, Inc. will post 5.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, September 16th. American International Group’s payout ratio is 23.88%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIG. Evercore ISI cut their target price on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, June 27th. StockNews.com downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Tuesday, July 9th. Morgan Stanley dropped their target price on American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, BMO Capital Markets raised their price target on shares of American International Group from $88.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.88.

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.