American International Group Inc (AIG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in American International Group Inc (NYSE:AIG) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 624,630 shares of the insurance provider’s stock after selling 13,100 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of American International Group worth $38,346,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Northern Capital Management LLC grew its holdings in shares of American International Group by 4.0% in the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after purchasing an additional 1,760 shares during the last quarter. Girard Partners LTD. bought a new position in shares of American International Group in the second quarter worth approximately $215,000. Oppenheimer & Co. Inc. grew its holdings in shares of American International Group by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after purchasing an additional 7,963 shares during the last quarter. AXA grew its holdings in shares of American International Group by 113.5% in the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after purchasing an additional 218,583 shares during the last quarter. Finally, Connable Office Inc. bought a new position in shares of American International Group in the third quarter worth approximately $1,563,000. Hedge funds and other institutional investors own 85.90% of the company’s stock.

Shares of American International Group Inc (NYSE AIG) traded down $0.42 during trading on Friday, reaching $59.58. The company’s stock had a trading volume of 2,837,583 shares, compared to its average volume of 4,295,389. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $53,937.57, a price-to-earnings ratio of -23.74, a P/E/G ratio of 1.98 and a beta of 1.17. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.47.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period in the prior year, the firm earned $1.23 EPS. equities analysts expect that American International Group Inc will post 2.76 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, December 7th. American International Group’s dividend payout ratio is presently -51.00%.

Several brokerages have recently issued reports on AIG. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $76.00 price target on shares of American International Group in a report on Friday, December 22nd. Deutsche Bank upgraded shares of American International Group from a “sell” rating to a “hold” rating and lifted their price target for the company from $58.00 to $59.00 in a report on Wednesday, December 6th. Goldman Sachs Group assumed coverage on shares of American International Group in a report on Monday, December 4th. They issued a “neutral” rating and a $61.00 price target on the stock. Finally, B. Riley reiterated a “neutral” rating on shares of American International Group in a report on Monday, November 6th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $67.81.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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