American International Group Inc (AIG) Position Lessened by OLD National Bancorp IN

OLD National Bancorp IN decreased its position in shares of American International Group Inc (NYSE:AIG) by 35.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,625 shares of the insurance provider’s stock after selling 6,287 shares during the period. OLD National Bancorp IN’s holdings in American International Group were worth $619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of American International Group by 56.3% during the second quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock valued at $1,199,393,000 after buying an additional 8,149,702 shares during the period. Macquarie Group Ltd. lifted its stake in shares of American International Group by 38,370.8% during the second quarter. Macquarie Group Ltd. now owns 12,733,842 shares of the insurance provider’s stock valued at $675,148,000 after buying an additional 12,700,742 shares during the period. Boston Partners lifted its stake in shares of American International Group by 82.5% during the second quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock valued at $650,077,000 after buying an additional 5,543,692 shares during the period. Northern Trust Corp lifted its stake in shares of American International Group by 4.8% during the second quarter. Northern Trust Corp now owns 10,430,195 shares of the insurance provider’s stock valued at $553,009,000 after buying an additional 479,380 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of American International Group by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 9,413,923 shares of the insurance provider’s stock valued at $499,125,000 after buying an additional 81,229 shares during the period. 89.26% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AIG opened at $40.96 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $36.36 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.14 and a beta of 1.27. American International Group Inc has a fifty-two week low of $39.29 and a fifty-two week high of $65.30.



American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.16). The company had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.71 billion. American International Group had a positive return on equity of 2.03% and a negative net margin of 13.67%. During the same period in the prior year, the business earned $1.19 EPS. On average, equities analysts predict that American International Group Inc will post 3.14 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. Deutsche Bank raised shares of American International Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Co reissued a “buy” rating and set a $62.00 price objective on shares of American International Group in a research note on Monday. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Morgan Stanley set a $65.00 price target on shares of American International Group and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, Argus cut their price target on shares of American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $62.87.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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

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