American International Group, Inc. $AIG Stock Holdings Decreased by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 686,831 shares of the insurance provider's stock after selling 27,516 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of American International Group worth $59,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AIG. AQR Capital Management LLC raised its holdings in shares of American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock worth $287,214,000 after purchasing an additional 2,162,545 shares during the period. Alyeska Investment Group L.P. purchased a new position in American International Group in the first quarter valued at approximately $741,000. Ancora Advisors LLC raised its holdings in American International Group by 57.0% in the first quarter. Ancora Advisors LLC now owns 851 shares of the insurance provider's stock valued at $74,000 after buying an additional 309 shares during the period. Aprio Wealth Management LLC purchased a new position in American International Group in the first quarter valued at approximately $207,000. Finally, Promethium Advisors LLC raised its holdings in American International Group by 50.0% in the first quarter. Promethium Advisors LLC now owns 7,500 shares of the insurance provider's stock valued at $652,000 after buying an additional 2,500 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Up 0.2%

Shares of NYSE AIG traded up $0.12 during midday trading on Friday, reaching $78.84. 1,500,172 shares of the company's stock were exchanged, compared to its average volume of 4,476,256. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The stock has a market capitalization of $43.68 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The business's fifty day moving average price is $80.41 and its two-hundred day moving average price is $82.09.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the business earned $1.16 EPS. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's payout ratio is 34.09%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Cantor Fitzgerald raised American International Group to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley raised their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods cut their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen downgraded American International Group from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $88.27.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.