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

Strs Ohio cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,823 shares of the insurance provider’s stock after selling 47,159 shares during the period. 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.

Several other large investors also recently modified their holdings of the business. GFG Capital LLC bought a new position in shares of American International Group during the 2nd quarter valued at about $33,000. Eastern Bank raised its holdings in American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after buying an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in American International Group during the 2nd quarter worth approximately $32,000. Barrett & Company Inc. bought a new position in American International Group in the second quarter valued at approximately $35,000. Finally, NewSquare Capital LLC boosted its holdings in shares of American International Group by 58.6% in the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after buying an additional 154 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

AIG opened at $72.23 on Friday. The business’s 50-day simple moving average is $79.12 and its 200 day simple moving average is $79.39. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $38.97 billion, a PE ratio of 13.13, a PEG ratio of 0.75 and a beta of 0.62.

American International Group (NYSE:AIG) last posted its quarterly 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. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the previous year, the firm earned $1.23 EPS. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. American International Group’s payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. TD Cowen lifted their price target on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Piper Sandler upped their price objective on American International Group from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Cantor Fitzgerald dropped their target price on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, Mizuho cut their target price on American International Group from $84.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.42.

American International Group Company 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.