Douglas Lane & Associates LLC Has $1.32 Million Stake in American International Group Inc (AIG)

Douglas Lane & Associates LLC Has $1.32 Million Stake in American International Group Inc (AIG)

Douglas Lane & Associates LLC lowered its stake in shares of American International Group Inc (NYSE:AIG) by 46.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,514 shares of the insurance provider’s stock after selling 29,218 shares during the period. Douglas Lane & Associates LLC’s holdings in American International Group were worth $1,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors purchased a new stake in American International Group in the 3rd quarter worth approximately $698,240,000. FMR LLC increased its holdings in American International Group by 56.3% in the 2nd quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock worth $1,199,393,000 after acquiring an additional 8,149,702 shares in the last quarter. Clearbridge Investments LLC increased its holdings in American International Group by 83.1% in the 3rd quarter. Clearbridge Investments LLC now owns 2,926,105 shares of the insurance provider’s stock worth $155,786,000 after acquiring an additional 1,327,988 shares in the last quarter. Sound Shore Management Inc. CT grew its holdings in American International Group by 21.3% during the 3rd quarter. Sound Shore Management Inc. CT now owns 4,229,347 shares of the insurance provider’s stock valued at $225,170,000 after buying an additional 743,575 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in American International Group by 59.2% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,832,533 shares of the insurance provider’s stock valued at $97,564,000 after buying an additional 681,202 shares in the last quarter. Institutional investors and hedge funds own 88.87% of the company’s stock.

AIG has been the subject of a number of research analyst reports. Wells Fargo & Co set a $62.00 price objective on shares of American International Group and gave the company a “buy” rating in a report on Thursday, October 18th. Morgan Stanley set a $65.00 price objective on shares of American International Group and gave the company a “buy” rating in a report on Wednesday, October 17th. Deutsche Bank raised shares of American International Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Argus cut their price objective on shares of American International Group from $58.00 to $50.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. set a $55.00 price objective on shares of American International Group and gave the company a “hold” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.09.

Shares of NYSE AIG traded down $0.38 during midday trading on Friday, reaching $42.45. 4,661,539 shares of the stock traded hands, compared to its average volume of 5,066,825. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $37.89 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.84 and a beta of 1.38. American International Group Inc has a one year low of $36.16 and a one year high of $61.70.

American International Group Profile

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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