Today The Columbia Asset Management Has $873,000 Stake in American International Group, Inc. (AIG)

Today The Columbia Asset Management Has $873,000 Stake in American International Group, Inc. (AIG)

Columbia Asset Management continued to hold its position in shares of American International Group, Inc. (NYSE:AIG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,717 shares of the insurance provider’s stock at the end of the third quarter. Columbia Asset Management’s holdings in American International Group were worth $873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors increased its position in shares of American International Group by 23.7% in the second quarter. Capital Research Global Investors now owns 69,710,055 shares of the insurance provider’s stock worth $3,686,965,000 after buying an additional 13,367,970 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of American International Group by 4,949.7% in the second quarter. Cohen & Steers Inc. now owns 8,603,093 shares of the insurance provider’s stock worth $454,846,000 after buying an additional 8,432,725 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of American International Group during the second quarter worth about $143,219,000. Alliancebernstein L.P. increased its position in shares of American International Group by 13.0% in the second quarter. Alliancebernstein L.P. now owns 10,045,304 shares of the insurance provider’s stock worth $531,296,000 after buying an additional 1,159,555 shares during the last quarter. Finally, FMR LLC increased its position in shares of American International Group by 14.7% in the second quarter. FMR LLC now owns 7,358,728 shares of the insurance provider’s stock worth $389,203,000 after buying an additional 943,287 shares during the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

American International Group, Inc. (NYSE:AIG) traded up 0.46% during midday trading on Wednesday, hitting $65.80. The stock had a trading volume of 851,210 shares. The company has a market cap of $67.59 billion, a PE ratio of 214.33 and a beta of 1.34. The firm has a 50-day moving average of $66.05 and a 200-day moving average of $60.92. American International Group, Inc. has a 12-month low of $48.41 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last announced its quarterly 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 return on equity of 1.82% and a net margin of 0.66%. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts forecast that American International Group, Inc. will post $3.76 EPS for the current year.

AIG has been the topic of a number of research analyst reports. Barclays PLC upped their price target on American International Group from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, September 30th. Zacks Investment Research downgraded American International Group from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Credit Suisse Group initiated coverage on American International Group in a research report on Friday, October 7th. They set a “neutral” rating and a $60.00 price objective for the company. FBR & Co upped their price objective on American International Group from $57.00 to $64.00 and gave the company a “mkt perform” rating in a research report on Monday, November 28th. Finally, TheStreet upgraded American International Group from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. American International Group presently has a consensus rating of “Buy” and a consensus price target of $66.54.

American International Group Company Profile

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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