Trade Report: Today: Bronfman E.L. Rothschild L.P. Increases Stake in American International Group Inc. (AIG)

Today: Bronfman E.L. Rothschild L.P. Increases Stake in American International Group Inc. (AIG)

Bronfman E.L. Rothschild L.P. boosted its stake in American International Group Inc. (NYSE:AIG) by 194.3% during the third quarter, Holdings Channel reports. The firm owned 5,772 shares of the insurance provider’s stock after buying an additional 3,811 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in American International Group were worth $343,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its stake in American International Group by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,601 shares of the insurance provider’s stock worth $138,000 after buying an additional 16 shares during the period. Gilder Gagnon Howe & Co. LLC raised its stake in American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock worth $175,000 after buying an additional 17 shares during the period. Sequoia Financial Advisors LLC raised its stake in American International Group by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 4,108 shares of the insurance provider’s stock worth $217,000 after buying an additional 19 shares during the period. Eastern Bank raised its stake in American International Group by 0.3% in the third quarter. Eastern Bank now owns 7,021 shares of the insurance provider’s stock worth $416,000 after buying an additional 21 shares during the period. Finally, Strategic Advisors LLC raised its stake in American International Group by 0.3% in the third quarter. Strategic Advisors LLC now owns 18,422 shares of the insurance provider’s stock worth $1,093,000 after buying an additional 49 shares during the period. Institutional investors own 82.98% of the company’s stock.

Shares of American International Group Inc. (NYSE:AIG) traded down 1.37% during midday trading on Monday, hitting $63.56. 2,313,989 shares of the stock traded hands. American International Group Inc. has a one year low of $48.41 and a one year high of $64.72. The firm has a 50-day moving average price of $61.40 and a 200 day moving average price of $57.78. The stock has a market cap of $65.28 billion, a price-to-earnings ratio of 207.04 and a beta of 1.37.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.02. American International Group had a net margin of 0.66% and a return on equity of 1.82%. During the same quarter last year, the business posted $0.52 EPS. Analysts anticipate that American International Group Inc. will post $3.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, December 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. American International Group’s payout ratio is 290.92%.

AIG has been the subject of a number of analyst reports. Deutsche Bank AG upped their price target on American International Group from $58.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $65.00 price target on American International Group and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG set a $60.00 price target on American International Group and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Morgan Stanley set a $63.00 price target on American International Group and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, Vetr lowered American International Group from a “hold” rating to a “sell” rating and set a $55.52 price target for the company. in a research report on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $65.62.

About American International Group

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

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