Public Employees Retirement System of Ohio decreased its position in American International Group Inc (NYSE:AIG) by 0.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 594,215 shares of the insurance provider’s stock after selling 1,846 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of American International Group worth $31,505,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its stake in American International Group by 16.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 57,732 shares of the insurance provider’s stock valued at $3,060,000 after acquiring an additional 8,141 shares in the last quarter. OLD National Bancorp IN increased its position in shares of American International Group by 92.7% during the 2nd quarter. OLD National Bancorp IN now owns 17,912 shares of the insurance provider’s stock worth $950,000 after purchasing an additional 8,617 shares during the last quarter. AustralianSuper Pty Ltd increased its position in shares of American International Group by 81.1% during the 2nd quarter. AustralianSuper Pty Ltd now owns 3,078,000 shares of the insurance provider’s stock worth $163,196,000 after purchasing an additional 1,378,000 shares during the last quarter. Natixis increased its position in shares of American International Group by 21.8% during the 2nd quarter. Natixis now owns 579,388 shares of the insurance provider’s stock worth $30,719,000 after purchasing an additional 103,813 shares during the last quarter. Finally, Prana Capital Management LP increased its position in shares of American International Group by 143.6% during the 2nd quarter. Prana Capital Management LP now owns 247,482 shares of the insurance provider’s stock worth $13,121,000 after purchasing an additional 145,868 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.
Shares of AIG stock traded down $0.37 during trading on Friday, reaching $49.77. 5,534,809 shares of the company’s stock were exchanged, compared to its average volume of 5,797,062. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $47.30 billion, a PE ratio of 20.74, a PEG ratio of 1.06 and a beta of 1.26. American International Group Inc has a twelve month low of $48.85 and a twelve month high of $65.55.
American International Group (NYSE:AIG) last posted its earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.16). The business had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.71 billion. American International Group had a positive return on equity of 2.03% and a negative net margin of 13.67%. During the same period in the previous year, the firm posted $1.19 earnings per share. As a group, sell-side analysts predict that American International Group Inc will post 4.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Friday, September 14th. American International Group’s payout ratio is presently 53.33%.
Several research firms have weighed in on AIG. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research report on Wednesday, July 4th. ValuEngine raised American International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Argus lowered their price target on American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. set a $63.00 price target on American International Group and gave the stock a “hold” rating in a research report on Sunday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $63.33.
About American International Group
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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