The American International Group, Inc. (AIG) Shares Bought by Raymond James Financial Services Advisors Inc.

The American International Group, Inc. (AIG) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 52.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 74,403 shares of the insurance provider’s stock after acquiring an additional 25,541 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in American International Group were worth $4,652,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Israel Discount Bank of New York purchased a new stake in shares of American International Group during the first quarter worth about $145,000. Peddock Capital Advisors LLC grew its stake in shares of American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 1,271 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of American International Group during the first quarter worth about $202,000. Finally, Waldron LP purchased a new stake in shares of American International Group during the first quarter worth about $208,000. Institutional investors and hedge funds own 83.98% of the company’s stock.

Shares of American International Group, Inc. (AIG) traded up 0.98% on Friday, reaching $63.16. The company’s stock had a trading volume of 7,080,434 shares. The stock has a 50-day moving average price of $60.80 and a 200-day moving average price of $62.22. The company’s market capitalization is $57.06 billion. American International Group, Inc. has a 1-year low of $57.35 and a 1-year high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $12.61 billion. During the same period last year, the business posted $0.98 EPS. On average, equities research analysts forecast that American International Group, Inc. will post $3.48 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.03%. American International Group’s dividend payout ratio (DPR) is currently -711.07%.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS AG dropped their price target on American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Wells Fargo & Company restated a “buy” rating and set a $75.00 price target on shares of American International Group in a research note on Sunday, October 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 price target on shares of American International Group in a research note on Friday, October 6th. Finally, Morgan Stanley restated a “buy” rating on shares of American International Group in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.35.

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.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG).

Related posts

Leave a Comment