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

Dimensional Fund Advisors LP lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,848,011 shares of the insurance provider’s stock after selling 676,740 shares during the period. Dimensional Fund Advisors LP’s holdings in American International Group were worth $459,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AIG. Rock Point Advisors LLC raised its position in American International Group by 3.1% during the third quarter. Rock Point Advisors LLC now owns 102,104 shares of the insurance provider’s stock worth $8,019,000 after acquiring an additional 3,042 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of American International Group by 4.0% during the 3rd quarter. Cresset Asset Management LLC now owns 123,501 shares of the insurance provider’s stock worth $9,700,000 after purchasing an additional 4,712 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in shares of American International Group by 6.3% in the 3rd quarter. Level Four Advisory Services LLC now owns 6,554 shares of the insurance provider’s stock valued at $515,000 after purchasing an additional 388 shares during the period. Kingsview Wealth Management LLC lifted its stake in American International Group by 22.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 42,560 shares of the insurance provider’s stock valued at $3,343,000 after purchasing an additional 7,831 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its holdings in American International Group by 21.3% during the third quarter. Elo Mutual Pension Insurance Co now owns 84,969 shares of the insurance provider’s stock worth $6,673,000 after purchasing an additional 14,923 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 0.9%

AIG stock opened at $78.33 on Thursday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week 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 stock has a market capitalization of $42.03 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.61 and a beta of 0.58. The business’s fifty day moving average price is $77.82 and its two-hundred day moving average price is $78.95.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, beating 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 business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the company posted $1.30 earnings per share. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders 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 is Monday, March 16th. American International Group’s dividend payout ratio is presently 33.21%.

Analysts Set New Price Targets

AIG has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. 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 note on Tuesday, February 17th. Bank of America cut their price target on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Piper Sandler decreased their price objective on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.58.

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.