Strs Ohio Has $8.66 Million Holdings in American International Group, Inc. $AIG

Strs Ohio cut its position in American International Group, Inc. (NYSE:AIG) by 38.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 115,113 shares of the insurance provider’s stock after selling 71,393 shares during the period. Strs Ohio’s holdings in American International Group were worth $8,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Capital Research Global Investors lifted its stake in American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after acquiring an additional 12,645,616 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after purchasing an additional 1,899,203 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of American International Group by 39.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after purchasing an additional 4,661,246 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of American International Group by 36.9% in the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after purchasing an additional 4,210,363 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after purchasing an additional 1,846,979 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 0.1%

Shares of AIG opened at $79.33 on Monday. The firm has a market cap of $42.06 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.73 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The firm’s 50-day simple moving average is $75.69 and its 200 day simple moving average is $77.13.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the business posted $1.17 earnings per share. On average, analysts forecast that American International Group, Inc. will post 7.98 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. American International Group’s dividend payout ratio is 35.27%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AIG. Barclays lifted their price target on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Morgan Stanley cut their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Wells Fargo & Company reduced their target price on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Cantor Fitzgerald boosted their target price on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.94.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.