Strs Ohio Has $17.42 Million Stock Holdings in American International Group, Inc. $AIG

Strs Ohio trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 17.5% in the third quarter, HoldingsChannel reports. The firm owned 221,823 shares of the insurance provider’s stock after selling 47,159 shares during the quarter. Strs Ohio’s holdings in American International Group were worth $17,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Vise Technologies Inc. bought a new stake in shares of American International Group during the second quarter worth approximately $858,000. Jupiter Asset Management Ltd. acquired a new stake in American International Group during the 2nd quarter worth approximately $6,127,000. Patton Fund Management Inc. bought a new stake in American International Group in the 2nd quarter valued at $232,000. Meeder Asset Management Inc. grew its holdings in American International Group by 88.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock valued at $4,580,000 after buying an additional 27,431 shares in the last quarter. Finally, Allstate Corp bought a new position in American International Group during the 3rd quarter worth $1,689,000. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

Shares of NYSE:AIG opened at $72.23 on Friday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $88.07. The stock has a market capitalization of $38.97 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50 day simple moving average is $79.12 and its 200 day simple moving average is $79.39.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company earned $1.23 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.5%. American International Group’s dividend payout ratio (DPR) is 32.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Barclays cut their price objective on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Bank of America dropped their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Finally, Royal Bank Of Canada assumed coverage on American International Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.42.

American International Group 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.