Barrow Hanley Mewhinney & Strauss LLC Lowers Stake in American International Group, Inc. $AIG

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,750,756 shares of the insurance provider’s stock after selling 134,671 shares during the period. American International Group accounts for approximately 1.7% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 19th largest position. Barrow Hanley Mewhinney & Strauss LLC owned about 1.25% of American International Group worth $530,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westfuller Advisors LLC purchased a new stake in shares of American International Group during the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp increased its holdings in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares in the last quarter. Eastern Bank lifted its stake in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of American International Group in the second quarter valued at about $32,000. Finally, Motco boosted its holdings in American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. TD Cowen boosted their target price on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. The Goldman Sachs Group upgraded American International Group from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Thursday, March 5th. Mizuho lifted their price target on American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Finally, Bank of America decreased their price objective on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, American International Group presently has a consensus rating of “Hold” and an average target price of $87.95.

American International Group Trading Up 0.6%

Shares of AIG stock opened at $78.07 on Wednesday. The firm has a market cap of $41.89 billion, a P/E ratio of 14.40, a PEG ratio of 0.59 and a beta of 0.58. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The firm’s 50-day simple moving average is $77.20 and its 200-day simple moving average is $78.83.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period last year, the company posted $1.30 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s payout ratio is presently 33.21%.

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.