10,507 Shares in American International Group, Inc. $AIG Bought by Citizens & Northern Corp

Citizens & Northern Corp bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,507 shares of the insurance provider’s stock, valued at approximately $782,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Wellington Management Group LLP lifted its holdings in shares of American International Group by 6.9% in the 2nd quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after buying an additional 1,961,270 shares during the period. State Street Corp grew its holdings in American International Group by 0.8% during the second quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock worth $1,871,852,000 after acquiring an additional 196,969 shares during the period. Bank of New York Mellon Corp grew its holdings in American International Group by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock worth $619,862,000 after acquiring an additional 474,035 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in American International Group during the second quarter worth $464,539,000. Finally, Dimensional Fund Advisors LP raised its position in American International Group by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock worth $462,147,000 after acquiring an additional 303,201 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen raised American International Group from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. UBS Group boosted their target price on shares of American International Group from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada upped their price target on shares of American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. increased their price target on shares of American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Cantor Fitzgerald reduced their price objective on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus price target of $88.00.

American International Group Stock Performance

AIG opened at $82.55 on Friday. The stock has a market cap of $42.80 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $77.90 and its 200 day simple moving average is $77.13. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.18. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.42 billion. American International Group had a return on equity of 10.86% and a net margin of 11.86%. During the same period last year, the business posted $2.20 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 8.13 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.00 annualized dividend and a yield of 2.4%. American International Group’s dividend payout ratio is 32.57%.

American International Group Company Profile

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.