Baird Financial Group Inc. Has $3.38 Million Position in American International Group Inc (AIG)

Baird Financial Group Inc. boosted its position in shares of American International Group Inc (NYSE:AIG) by 13.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,762 shares of the insurance provider’s stock after purchasing an additional 7,713 shares during the quarter. Baird Financial Group Inc.’s holdings in American International Group were worth $3,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIG. FMR LLC grew its holdings in American International Group by 56.3% during the second quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock valued at $1,199,393,000 after purchasing an additional 8,149,702 shares during the period. Boston Partners grew its holdings in American International Group by 82.5% during the second quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock valued at $650,077,000 after purchasing an additional 5,543,692 shares during the period. Point72 Asset Management L.P. grew its holdings in American International Group by 383.7% during the first quarter. Point72 Asset Management L.P. now owns 1,955,534 shares of the insurance provider’s stock valued at $106,420,000 after purchasing an additional 1,551,242 shares during the period. AustralianSuper Pty Ltd grew its holdings in American International Group by 81.1% during the second quarter. AustralianSuper Pty Ltd now owns 3,078,000 shares of the insurance provider’s stock valued at $163,196,000 after purchasing an additional 1,378,000 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in American International Group by 17.8% during the second quarter. Pzena Investment Management LLC now owns 8,778,185 shares of the insurance provider’s stock valued at $465,419,000 after purchasing an additional 1,327,729 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

American International Group stock opened at $52.67 on Friday. The company has a market capitalization of $46.53 billion, a PE ratio of 21.95, a P/E/G ratio of 1.04 and a beta of 1.28. American International Group Inc has a twelve month low of $49.57 and a twelve month high of $65.55. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.55.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.16). The company had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.71 billion. American International Group had a negative net margin of 13.67% and a positive return on equity of 2.03%. During the same quarter last year, the company earned $1.19 EPS. equities research analysts predict that American International Group Inc will post 4.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, September 14th. American International Group’s dividend payout ratio (DPR) is presently 53.33%.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. began coverage on shares of American International Group in a report on Friday, May 25th. They issued a “neutral” rating and a $63.00 price target for the company. UBS Group upgraded shares of American International Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $53.71 to $63.00 in a report on Thursday, May 17th. ValuEngine upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, Wells Fargo & Co set a $62.00 price target on shares of American International Group and gave the company a “buy” rating in a report on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.33.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. 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, and marine insurance.

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

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