Pacer Advisors Inc. Increases Holdings in American International Group Inc (NYSE:AIG)

Pacer Advisors Inc. lifted its position in shares of American International Group Inc (NYSE:AIG) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,666 shares of the insurance provider’s stock after acquiring an additional 9,020 shares during the quarter. Pacer Advisors Inc.’s holdings in American International Group were worth $5,161,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AIG. Commonwealth Equity Services LLC boosted its position in shares of American International Group by 7.6% during the first quarter. Commonwealth Equity Services LLC now owns 103,922 shares of the insurance provider’s stock worth $4,474,000 after buying an additional 7,350 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of American International Group by 781.4% in the first quarter. Neuberger Berman Group LLC now owns 500,431 shares of the insurance provider’s stock valued at $21,548,000 after acquiring an additional 443,652 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its holdings in shares of American International Group by 3.7% in the first quarter. Meiji Yasuda Life Insurance Co now owns 11,777 shares of the insurance provider’s stock valued at $507,000 after acquiring an additional 423 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of American International Group by 31.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 541,614 shares of the insurance provider’s stock valued at $23,322,000 after acquiring an additional 129,534 shares in the last quarter. Finally, Summit Global Investments boosted its holdings in shares of American International Group by 4.4% in the first quarter. Summit Global Investments now owns 147,388 shares of the insurance provider’s stock valued at $6,347,000 after acquiring an additional 6,148 shares in the last quarter. 90.97% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Seraina Macia sold 7,550 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $56.00, for a total value of $422,800.00. Following the completion of the transaction, the chief executive officer now owns 11,055 shares of the company’s stock, valued at approximately $619,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Shares of NYSE:AIG opened at $54.42 on Friday. The stock has a market capitalization of $47.34 billion, a price-to-earnings ratio of 46.51, a PEG ratio of 1.03 and a beta of 1.19. American International Group Inc has a 1-year low of $36.16 and a 1-year high of $58.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50 day moving average price of $54.84 and a 200 day moving average price of $52.27.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.26. American International Group had a negative net margin of 0.24% and a positive return on equity of 2.97%. The firm had revenue of $12.16 billion during the quarter, compared to analysts’ expectations of $12.07 billion. During the same period last year, the firm posted $1.05 earnings per share. On average, sell-side analysts expect that American International Group Inc will post 5.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Monday, September 16th. American International Group’s dividend payout ratio is 109.40%.

Several research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of American International Group from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of American International Group to $68.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Evercore ISI reiterated a “hold” rating and issued a $53.00 price objective on shares of American International Group in a report on Sunday, August 11th. Wells Fargo & Co reiterated a “buy” rating and issued a $64.00 price objective on shares of American International Group in a report on Thursday, September 19th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Sunday, July 7th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $57.72.

American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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

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