Somerset Trust Co increased its position in shares of American International Group Inc (NYSE:AIG) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,580 shares of the insurance providers stock after buying an additional 23 shares during the period. Somerset Trust Cos holdings in American International Group were worth $1,659,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its position in American International Group by 0.5% in the third quarter. Chicago Partners Investment Group LLC now owns 2,615 shares of the insurance providers stock worth $155,000 after buying an additional 14 shares in the last quarter. Strategic Advisors LLC raised its position in American International Group by 0.3% in the third quarter. Strategic Advisors LLC now owns 18,422 shares of the insurance providers stock worth $1,093,000 after buying an additional 49 shares in the last quarter. Roundview Capital LLC raised its position in American International Group by 0.8% in the fourth quarter. Roundview Capital LLC now owns 10,528 shares of the insurance providers stock worth $688,000 after buying an additional 85 shares in the last quarter. Cim Investment Mangement Inc. raised its position in American International Group by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 7,908 shares of the insurance providers stock worth $516,000 after buying an additional 95 shares in the last quarter. Finally, Fernwood Investment Management LLC raised its position in American International Group by 1.5% in the third quarter. Fernwood Investment Management LLC now owns 6,970 shares of the insurance providers stock worth $414,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the companys stock.
American International Group Inc (NYSE:AIG) traded down 1.03% during trading on Wednesday, reaching $58.89. 3,543,295 shares of the company were exchanged. American International Group Inc has a 52-week low of $48.41 and a 52-week high of $67.47. The firm has a 50-day moving average of $62.16 and a 200-day moving average of $63.29. The firms market cap is $57.69 billion.
American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 14th. The insurance provider reported ($2.72) EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.18 by $3.90. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $11.51 billion. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same quarter in the previous year, the company posted ($1.10) EPS. On average, equities analysts forecast that American International Group Inc will post $4.90 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, March 13th. American International Groups dividend payout ratio is currently 290.92%.
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A number of research analysts recently commented on the stock. Credit Suisse Group AG set a $72.00 price objective on shares of American International Group and gave the company a buy rating in a research note on Saturday. JPMorgan Chase & Co. lowered their price objective on shares of American International Group from $69.00 to $65.00 and set a neutral rating on the stock in a research note on Monday, April 3rd. Wells Fargo & Co reiterated a buy rating on shares of American International Group in a research note on Wednesday, April 12th. Barclays PLC reiterated a buy rating and set a $74.00 price objective on shares of American International Group in a research note on Monday, February 20th. Finally, Deutsche Bank AG lowered shares of American International Group from a hold rating to a sell rating and decreased their price target for the stock from $6.00 to $5.00 in a research report on Monday, March 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $65.18.
In other American International Group news, insider Philip Fasano sold 6,000 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $63.59, for a total value of $381,540.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.04% of the companys stock.
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.
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