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American International Group Changes Organizational Structure

American International Group Changes Organizational Structure”

Zacks Investment Research downgraded shares of American International Group from a buy rating to a hold rating in a research report on Thursday, July 6th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The firm owned 32,807 shares of the insurance provider's stock after selling 31,568 shares during the quarter. Confluence Investment Management LLC owned 0.09% of American International Group worth $57,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AIG. Strategic Advisors LLC increased its position in American International Group by 0.3% in the third quarter. Cim Investment Mangement Inc. now owns 7,908 shares of the insurance provider's stock worth $516,000 after buying an additional 95 shares in the last quarter. Girard Partners LTD. acquired a new position in American International Group during the 2nd quarter valued at $215,000. Prudential Financial Inc. boosted its position in shares of American International Group by 202.5% during the 2nd quarter.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. Chicago Partners Investment Group LLC now owns 2,615 shares of the insurance provider's stock worth $155,000 after buying an additional 14 shares in the last quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider's stock valued at $556,681,000 after acquiring an additional 584,450 shares during the last quarter.

The company now has an insider ownership of 0.05 Percent and Institutional ownership of 86.8 Percent. NYSE:AIG is 0.20503. This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield. The brokerage issued an underperform rating and a $52.00 price objective on the insurance provider's stock. JPMorgan Chase & Co. dropped their price target on American International Group from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $75.00 price target on shares of American International Group in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of "Hold" and an average target price of $67.96.

Shares of American International Group, Inc. (NYSE:AIG) has seen its stock price gain 4.30, or -6.58%, so far in 2017. The company operates in the Financial Services sector with a market capitalization of 55.98 Million. The Return on Assets for American International Group, Inc. The company has a 50-day moving average price of $61.67 and a 200 day moving average price of $62.35.

Insider trading activity is a great indicator of how a stock is performing, so let's take a look at American International Group, Inc. The insurance provider reported $1.53 EPS for the quarter, beating the Zacks' consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. The return on assets stands at -0.1%, Return on Equity now is -0.3% and the Return on Investment value is 0.4%. During the same period in the previous year, the company posted $0.98 EPS. Equities analysts anticipate that American International Group will post $5.28 earnings per share for the current year. Shareholders of record on Friday, September 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 13th. The Price to Book ratio for American International Group, Inc. The original version of this story can be read at https://www.dispatchtribunal.com/2017/09/26/american-international-group-inc-aig-now-covered-by-analysts-at-buckingham-research.html.



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