Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of American International Group Inc (NYSE:AIG) by 121.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,631,331 shares of the insurance provider’s stock after acquiring an additional 8,586,682 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 1.74% of American International Group worth $959,607,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after buying an additional 3,144,446 shares in the last quarter. Prudential Financial Inc. lifted its holdings in American International Group by 202.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after buying an additional 2,683,775 shares in the last quarter. Renaissance Technologies LLC bought a new stake in American International Group during the 2nd quarter valued at about $134,359,000. TIAA CREF Investment Management LLC lifted its holdings in American International Group by 27.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after buying an additional 2,103,522 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in American International Group by 12,867.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,906,247 shares of the insurance provider’s stock valued at $119,179,000 after buying an additional 1,891,547 shares in the last quarter. 86.10% of the stock is owned by institutional investors.
American International Group Inc (NYSE AIG) opened at $58.11 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group Inc has a 12 month low of $57.85 and a 12 month high of $67.47. The stock has a market cap of $53,029.62, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.95 and a beta of 1.17.
American International Group (NYSE:AIG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. research analysts anticipate that American International Group Inc will post 2.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is -51.00%.
AIG has been the subject of several recent research reports. Buckingham Research initiated coverage on shares of American International Group in a report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target for the company. Royal Bank of Canada restated a “buy” rating and issued a $73.00 price target on shares of American International Group in a report on Wednesday, September 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 price target on shares of American International Group in a report on Wednesday, December 6th. Wells Fargo & Company set a $75.00 price target on shares of American International Group and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, Barclays cut their price objective on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.70.
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About American International Group
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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