American International Group Inc (AIG) Shares Sold by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio reduced its stake in shares of American International Group Inc (NYSE:AIG) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 624,630 shares of the insurance provider’s stock after selling 13,100 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of American International Group worth $38,346,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of AIG. TIAA CREF Investment Management LLC boosted its holdings in American International Group by 27.1% in 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 purchasing an additional 2,103,522 shares during the period. Alliancebernstein L.P. lifted its stake in American International Group by 1.7% in the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock worth $589,743,000 after purchasing an additional 159,529 shares during the last quarter. Boston Partners lifted its stake in American International Group by 14.2% in the third quarter. Boston Partners now owns 7,835,692 shares of the insurance provider’s stock worth $481,034,000 after purchasing an additional 973,835 shares during the last quarter. Pzena Investment Management LLC lifted its stake in American International Group by 0.7% in the third quarter. Pzena Investment Management LLC now owns 6,507,357 shares of the insurance provider’s stock worth $399,487,000 after purchasing an additional 46,738 shares during the last quarter. Finally, Orbis Allan Gray Ltd increased its position in shares of American International Group by 19.3% in the second quarter. Orbis Allan Gray Ltd now owns 4,171,820 shares of the insurance provider’s stock valued at $260,823,000 after acquiring an additional 674,670 shares during the period. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Barclays dropped their target price on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Friday, November 3rd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 target price on shares of American International Group in a report on Wednesday, December 6th. Finally, ValuEngine lowered shares of American International Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned 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 a consensus target price of $67.70.
American International Group Inc (NYSE:AIG) opened at $58.11 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $53,029.62, a P/E ratio of 23.50, a PEG ratio of 1.95 and a beta of 1.17. American International Group Inc has a 12-month low of $57.85 and a 12-month high of $67.47.
American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period last year, the company earned $1.23 EPS. sell-side analysts expect that American International Group Inc will post 2.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a yield of 2.20%. American International Group’s dividend payout ratio (DPR) is -51.00%.
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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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