Dimensional Fund Advisors LP Has $459.27 Million Holdings in American International Group, Inc. $AIG

Dimensional Fund Advisors LP decreased its stake in American International Group, Inc. (NYSE:AIG) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,848,011 shares of the insurance provider’s stock after selling 676,740 shares during the quarter. Dimensional Fund Advisors LP owned 1.08% of American International Group worth $459,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Geneos Wealth Management Inc. raised its position in shares of American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 129 shares during the period. Westwood Holdings Group Inc. increased its stake in American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after purchasing an additional 130 shares in the last quarter. First Bank & Trust raised its holdings in American International Group by 2.2% in the third quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock worth $475,000 after purchasing an additional 131 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of American International Group by 17.7% during the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 131 shares in the last quarter. Finally, Howard Capital Management Inc. grew its holdings in shares of American International Group by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock valued at $370,000 after buying an additional 138 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 0.9%

Shares of American International Group stock opened at $78.33 on Thursday. The firm has a market cap of $42.03 billion, a PE ratio of 14.45, a P/E/G ratio of 0.61 and a beta of 0.58. The business’s 50 day simple moving average is $77.82 and its 200 day simple moving average is $78.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly 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. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period last year, the business earned $1.30 EPS. On average, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Cantor Fitzgerald raised their price objective on American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. UBS Group dropped their price target on American International Group from $94.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Wells Fargo & Company increased their target price on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group lifted their price target on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, American International Group has an average rating of “Hold” and an average price target of $87.58.

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.