Exxonmobil Investment Management Inc. TX Decreases Holdings in American International Group Inc (AIG)

Exxonmobil Investment Management Inc. TX reduced its stake in shares of American International Group Inc (NYSE:AIG) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,939 shares of the insurance provider’s stock after selling 22,036 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in American International Group were worth $8,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AIG. Connable Office Inc. purchased a new stake in shares of American International Group in the third quarter valued at approximately $1,563,000. Synovus Financial Corp increased its position in shares of American International Group by 1.9% during the third quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock worth $5,715,000 after purchasing an additional 1,727 shares in the last quarter. Torray LLC increased its position in shares of American International Group by 26.0% during the third quarter. Torray LLC now owns 190,836 shares of the insurance provider’s stock worth $11,715,000 after purchasing an additional 39,368 shares in the last quarter. Kingdon Capital Management L.L.C. increased its position in shares of American International Group by 215.7% during the second quarter. Kingdon Capital Management L.L.C. now owns 738,121 shares of the insurance provider’s stock worth $46,147,000 after purchasing an additional 504,350 shares in the last quarter. Finally, Clinton Group Inc. increased its position in shares of American International Group by 13.2% during the second quarter. Clinton Group Inc. now owns 25,137 shares of the insurance provider’s stock worth $1,572,000 after purchasing an additional 2,926 shares in the last quarter. 85.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on AIG shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Bank of America cut their target price on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, B. Riley reissued a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group has an average rating of “Hold” and an average target price of $67.41.

American International Group Inc (AIG) traded down $0.18 during mid-day trading on Tuesday, hitting $60.97. 6,240,100 shares of the stock traded hands, compared to its average volume of 5,729,033. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26. American International Group Inc has a twelve month low of $57.85 and a twelve month high of $67.45. The stock has a market cap of $54,990.00, a price-to-earnings ratio of -24.49, a P/E/G ratio of 1.00 and a beta of 1.18.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The firm had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.05 billion. During the same period in the previous year, the company earned $1.23 earnings per share. research analysts expect that American International Group Inc will post 2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, December 7th. American International Group’s dividend payout ratio is presently -51.41%.

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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)

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