Neuburgh Advisers LLC Reduces Position in American International Group Inc (NYSE:AIG)

Neuburgh Advisers LLC lessened its stake in American International Group Inc (NYSE:AIG) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,448 shares of the insurance provider’s stock after selling 592 shares during the quarter. Neuburgh Advisers LLC’s holdings in American International Group were worth $663,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. First Bank & Trust boosted its position in American International Group by 7.6% during the 2nd quarter. First Bank & Trust now owns 3,083 shares of the insurance provider’s stock worth $164,000 after acquiring an additional 218 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of American International Group by 0.9% during the 2nd quarter. OLD National Bancorp IN now owns 24,491 shares of the insurance provider’s stock worth $1,305,000 after acquiring an additional 230 shares during the period. CIBC Asset Management Inc boosted its position in American International Group by 0.3% during the second quarter. CIBC Asset Management Inc now owns 82,798 shares of the insurance provider’s stock worth $4,411,000 after purchasing an additional 252 shares during the period. National Asset Management Inc. boosted its holdings in shares of American International Group by 3.5% during the 2nd quarter. National Asset Management Inc. now owns 7,627 shares of the insurance provider’s stock worth $407,000 after buying an additional 258 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its holdings in shares of American International Group by 2.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 9,515 shares of the insurance provider’s stock worth $507,000 after buying an additional 270 shares during the period. 90.99% of the stock is owned by hedge funds and other institutional investors.

Shares of AIG traded up $0.46 during midday trading on Wednesday, hitting $55.96. The company’s stock had a trading volume of 61,461 shares, compared to its average volume of 3,312,213. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.55. American International Group Inc has a one year low of $36.16 and a one year high of $57.58. The stock has a market capitalization of $48.20 billion, a price-to-earnings ratio of 47.75, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The company’s fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $50.38.



American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.26. American International Group had a positive return on equity of 2.97% and a negative net margin of 0.24%. The business had revenue of $12.16 billion for the quarter, compared to analyst estimates of $12.07 billion. During the same period last year, the firm posted $1.05 earnings per share. On average, research analysts predict that American International Group Inc will post 5.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.29%. American International Group’s dividend payout ratio (DPR) is currently 109.40%.

In other news, CEO Seraina Macia sold 7,550 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $56.00, for a total value of $422,800.00. Following the sale, the chief executive officer now directly owns 11,055 shares in the company, valued at approximately $619,080. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Several research analysts have weighed in on AIG shares. Zacks Investment Research cut shares of American International Group from a “buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a report on Thursday, August 8th. Deutsche Bank lowered American International Group from a “buy” rating to a “hold” rating and set a $53.35 target price on the stock. in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Keefe, Bruyette & Woods boosted their price target on American International Group from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Sunday, July 7th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $62.00 price objective on shares of American International Group in a report on Wednesday, August 7th. Finally, Royal Bank of Canada increased their price objective on American International Group to $68.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $57.03.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. 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, crop, and marine insurance.

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

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