Commonwealth Bank of Australia Buys 1,151 Shares of American International Group, Inc. (AIG)

Commonwealth Bank of Australia lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,395 shares of the insurance provider’s stock after purchasing an additional 1,151 shares during the period. Commonwealth Bank of Australia’s holdings in American International Group were worth $18,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Tredje AP fonden grew its holdings in shares of American International Group by 42.8% during the second quarter. Tredje AP fonden now owns 144,586 shares of the insurance provider’s stock worth $9,040,000 after purchasing an additional 43,357 shares during the last quarter. AMG National Trust Bank grew its holdings in shares of American International Group by 1.5% during the second quarter. AMG National Trust Bank now owns 66,510 shares of the insurance provider’s stock worth $4,158,000 after purchasing an additional 990 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of American International Group by 4.9% during the second quarter. Schroder Investment Management Group now owns 3,083,896 shares of the insurance provider’s stock worth $195,828,000 after purchasing an additional 143,011 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of American International Group by 101.7% during the second quarter. IFM Investors Pty Ltd now owns 26,943 shares of the insurance provider’s stock worth $1,684,000 after purchasing an additional 13,588 shares during the last quarter. Finally, Freestone Capital Holdings LLC grew its holdings in shares of American International Group by 1.2% during the second quarter. Freestone Capital Holdings LLC now owns 19,594 shares of the insurance provider’s stock worth $1,225,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Shares of American International Group, Inc. (AIG) traded down 0.386% during trading on Friday, hitting $59.579. The stock had a trading volume of 3,238,315 shares. The stock’s market capitalization is $53.82 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47. The firm has a 50 day moving average price of $62.16 and a 200-day moving average price of $62.47.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $12.61 billion. During the same period in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post $5.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is -711.07%.

Several analysts recently commented on the company. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 target price on shares of American International Group in a report on Wednesday, September 6th. Deutsche Bank AG reiterated a “sell” rating and issued a $60.00 target price (up from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 target price on shares of American International Group in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group presently has a consensus rating of “Hold” and an average price target of $68.08.

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About American International Group

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.

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

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