Croft Leominster Inc. Has $331,000 Holdings in American International Group, Inc. (AIG)

Croft Leominster Inc. continued to hold its stake in American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,300 shares of the insurance provider’s stock at the close of the 2nd quarter. Croft Leominster Inc.’s holdings in American International Group were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its stake in shares of American International Group by 12.6% in the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after buying an additional 1,300,900 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in American International Group by 27.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after purchasing an additional 2,103,522 shares during the last quarter. Alliancebernstein L.P. raised its stake in American International Group by 1.7% during the 2nd quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock valued at $589,743,000 after purchasing an additional 159,529 shares during the last quarter. Bank of New York Mellon Corp raised its stake in American International Group by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock valued at $556,681,000 after purchasing an additional 584,450 shares during the last quarter. Finally, Boston Partners raised its stake in American International Group by 262.4% during the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after purchasing an additional 4,968,504 shares during the last quarter. Institutional investors and hedge funds own 83.98% of the company’s stock.

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American International Group, Inc. (AIG) traded up 0.78% during midday trading on Thursday, hitting $62.32. 2,291,930 shares of the stock traded hands. The stock’s market capitalization is $56.30 billion. The firm’s 50 day moving average is $60.67 and its 200-day moving average is $62.20. American International Group, Inc. has a 12-month low of $57.35 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, analysts anticipate that American International Group, Inc. will post $3.60 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

Several equities analysts recently commented on the stock. ValuEngine cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Deutsche Bank AG reiterated a “sell” rating and set a $60.00 target price (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Finally, UBS AG cut their target price on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. American International Group has a consensus rating of “Hold” and an average target price of $68.35.

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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