American International Group, Inc. (NYSE:AIG) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,522,233 shares of the insurance provider’s stock after selling 28,085 shares during the period. American International Group accounts for approximately 1.9% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 10th biggest holding. Barrow Hanley Mewhinney & Strauss LLC’s holdings in American International Group were worth $558,451,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in American International Group by 0.4% during the fourth quarter. Capital Research Global Investors now owns 41,770,175 shares of the insurance provider’s stock worth $2,829,930,000 after purchasing an additional 176,286 shares in the last quarter. Putnam Investments LLC grew its position in shares of American International Group by 3.8% in the 4th quarter. Putnam Investments LLC now owns 8,245,693 shares of the insurance provider’s stock valued at $558,646,000 after buying an additional 300,712 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in American International Group by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock worth $477,802,000 after acquiring an additional 269,188 shares in the last quarter. Clearbridge Investments LLC lifted its position in American International Group by 0.6% in the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock valued at $425,273,000 after acquiring an additional 31,340 shares during the last quarter. Finally, Third Point LLC boosted its stake in American International Group by 16.9% in the fourth quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock valued at $233,738,000 after acquiring an additional 500,000 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 8,032,129 shares of American International Group stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the sale, the insider now directly owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 14,964,738 shares of company stock worth $400,732,195. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AIG has been the topic of a number of research analyst reports. StockNews.com cut American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Piper Sandler reduced their price objective on American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Bank of America raised their target price on shares of American International Group from $81.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley reduced their price target on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays began coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.88.

American International Group Stock Performance

Shares of AIG stock opened at $73.76 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $74.55 and a 200-day simple moving average of $75.68. The company has a market cap of $48.95 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06. American International Group, Inc. has a 12-month low of $57.72 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. On average, equities analysts forecast that American International Group, Inc. will post 5.24 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s dividend payout ratio is currently 23.88%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.