Davis Selected Advisers Increases Holdings in American International Group Inc (AIG)

Davis Selected Advisers raised its holdings in shares of American International Group Inc (NYSE:AIG) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 357,634 shares of the insurance provider’s stock after buying an additional 3,340 shares during the period. Davis Selected Advisers’ holdings in American International Group were worth $21,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services lifted its position in American International Group by 0.6% during the second quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock valued at $391,000 after purchasing an additional 38 shares during the last quarter. Usca Ria LLC increased its stake in American International Group by 0.4% in the 2nd quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after buying an additional 50 shares during the period. Tower Research Capital LLC TRC increased its stake in American International Group by 1.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after buying an additional 68 shares during the period. Roundview Capital LLC increased its stake in American International Group by 0.7% in the 2nd quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock worth $647,000 after buying an additional 75 shares during the period. Finally, MAI Capital Management increased its position in American International Group by 3.9% during the 2nd quarter. MAI Capital Management now owns 3,504 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 130 shares during the period. 86.10% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have commented on AIG. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Barclays cut their price objective on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Friday, November 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $74.00 target price on shares of American International Group in a research note on Wednesday, December 6th. Finally, ValuEngine cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.70.

American International Group Inc (NYSE AIG) opened at $58.11 on Friday. The company has a market cap of $53,029.62, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. American International Group Inc has a one year low of $57.85 and a one year high of $67.47. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share 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 company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. During the same period in the prior year, the business earned $1.23 earnings per share. equities research analysts anticipate that American International Group Inc will post 2.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders 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 yield of 2.20%. The ex-dividend date is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is currently -51.00%.

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American International Group Company 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.

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

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