Skba Capital Management LLC Has $297,000 Holdings in American International Group, Inc. (NYSE:AIG)

Skba Capital Management LLC decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,755 shares of the insurance provider’s stock after selling 40 shares during the quarter. Skba Capital Management LLC’s holdings in American International Group were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in shares of American International Group by 1.7% during the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock valued at $589,743,000 after buying an additional 159,529 shares during the last quarter. Aberdeen Asset Management PLC UK grew its stake in shares of American International Group by 3.8% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,086,673 shares of the insurance provider’s stock valued at $67,940,000 after buying an additional 40,155 shares during the last quarter. AXA grew its stake in shares of American International Group by 113.5% during the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock valued at $25,707,000 after buying an additional 218,583 shares during the last quarter. Commonwealth Bank of Australia grew its stake in American International Group by 0.4% in the second quarter. Commonwealth Bank of Australia now owns 289,395 shares of the insurance provider’s stock worth $18,092,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Tredje AP fonden grew its stake in American International Group by 42.8% in 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 in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American International Group, Inc. (AIG) traded down 0.13% during midday trading on Friday, reaching $59.73. The company’s stock had a trading volume of 2,279,889 shares. The company has a 50 day moving average of $62.16 and a 200-day moving average of $62.47. The stock’s market capitalization is $53.96 billion. American International Group, Inc. has a 52 week low of $57.35 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period in the previous year, the firm earned $0.98 EPS. Equities research analysts predict that American International Group, Inc. will post $5.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, September 14th. American International Group’s payout ratio is presently -711.07%.

Several research analysts recently issued reports on AIG shares. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of American International Group in a research note on Wednesday, September 6th. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub raised American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.08.

ILLEGAL ACTIVITY WARNING: “Skba Capital Management LLC Has $297,000 Holdings in American International Group, Inc. (NYSE:AIG)” was first published by BBNS and is the property of of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/american-international-group-inc-aig-stake-lessened-by-skba-capital-management-llc/1603003.html.

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.

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

Receive News & Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.