American International Group, Inc. (NYSE:AIG) is Barrow Hanley Mewhinney & Strauss LLC’s 10th Largest Position

Barrow Hanley Mewhinney & Strauss LLC lessened its position in American International Group, Inc. (NYSE:AIG) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,522,233 shares of the insurance provider’s stock after selling 28,085 shares during the quarter. American International Group comprises 1.9% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 10th largest position. Barrow Hanley Mewhinney & Strauss LLC owned 1.13% of American International Group worth $558,451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. TCW Group Inc. purchased a new position in American International Group in the 4th quarter valued at $724,000. Cetera Investment Advisers boosted its position in American International Group by 348.6% during the first quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock worth $4,506,000 after acquiring an additional 44,797 shares during the last quarter. Vinva Investment Management Ltd acquired a new position in American International Group during the fourth quarter worth about $1,699,000. OFI Invest Asset Management grew its stake in American International Group by 2,208.3% during the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock valued at $710,000 after acquiring an additional 9,805 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in American International Group by 64.3% in the 1st quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider’s stock valued at $2,227,000 after acquiring an additional 11,149 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 1,932,609 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total value of $56,432,182.80. Following the sale, the insider now owns 292,271,027 shares of the company’s stock, valued at approximately $8,534,313,988.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 14,964,738 shares of company stock valued at $400,732,195 in the last three months. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AIG has been the topic of several recent research reports. Citigroup lowered their target price on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Wells Fargo & Company lowered their price objective on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Evercore ISI cut their target price on American International Group from $81.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, June 27th. StockNews.com cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Finally, Piper Sandler dropped their price objective on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.88.

American International Group Stock Performance

NYSE AIG opened at $73.76 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $48.95 billion, a P/E ratio of 11.01, a P/E/G ratio of 3.60 and a beta of 1.06. The stock has a 50-day moving average of $74.55 and a two-hundred day moving average of $75.68. American International Group, Inc. has a 1-year low of $57.72 and a 1-year high of $80.83.

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

American International Group Announces Dividend

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

American International Group Company 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.