Advisor Partners LLC Sells 106 Shares of American International Group, Inc. (AIG)

Advisor Partners LLC Sells 106 Shares of American International Group, Inc. (AIG)

Advisor Partners LLC cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,630 shares of the insurance provider’s stock after selling 106 shares during the period. Advisor Partners LLC’s holdings in American International Group were worth $1,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. ProVise Management Group LLC purchased a new stake in American International Group during the second quarter worth $910,000. Todd Asset Management LLC increased its stake in American International Group by 2.5% in the second quarter. Todd Asset Management LLC now owns 1,003,526 shares of the insurance provider’s stock worth $53,076,000 after buying an additional 24,348 shares in the last quarter. Klingenstein Fields & Co. LLC increased its stake in American International Group by 3.6% in the second quarter. Klingenstein Fields & Co. LLC now owns 123,868 shares of the insurance provider’s stock worth $6,551,000 after buying an additional 4,356 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock worth $175,000 after buying an additional 17 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in American International Group by 0.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,588,107 shares of the insurance provider’s stock worth $83,994,000 after buying an additional 9,816 shares in the last quarter. 83.88% of the stock is owned by institutional investors.

Shares of American International Group, Inc. (NYSE:AIG) traded down 1.00% during trading on Friday, reaching $65.36. The company’s stock had a trading volume of 1,423,664 shares. The firm has a market cap of $67.13 billion, a P/E ratio of 212.90 and a beta of 1.34. American International Group, Inc. has a one year low of $48.41 and a one year high of $67.47. The stock’s 50 day moving average is $66.13 and its 200 day moving average is $60.99.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.02. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, equities analysts forecast that American International Group, Inc. will post $3.62 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Credit Suisse Group set a $61.00 target price on shares of American International Group and gave the company a “hold” rating in a research report on Sunday, November 20th. BMO Capital Markets raised shares of American International Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $64.00 to $75.00 in a research report on Monday, December 12th. Argus reissued a “buy” rating and set a $75.00 target price (up previously from $66.00) on shares of American International Group in a research report on Wednesday, January 11th. Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Monday, December 19th. Finally, FBR & Co increased their target price on shares of American International Group from $57.00 to $64.00 and gave the company a “mkt perform” rating in a research report on Monday, November 28th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.54.

About American International Group

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

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