Public Employees Retirement System of Ohio raised its holdings in American International Group Inc (NYSE:AIG) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 627,495 shares of the insurance provider’s stock after acquiring an additional 2,865 shares during the period. Public Employees Retirement System of Ohio’s holdings in American International Group were worth $37,386,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. purchased a new stake in shares of American International Group in the 3rd quarter valued at about $109,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of American International Group in the 4th quarter valued at about $134,000. Chicago Partners Investment Group LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at about $163,000. Rational Advisors LLC raised its holdings in shares of American International Group by 100.0% in the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after acquiring an additional 1,500 shares in the last quarter. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of American International Group in the 3rd quarter valued at about $200,000. 85.61% of the stock is currently owned by hedge funds and other institutional investors.
American International Group Inc (NYSE AIG) opened at $59.61 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $53,590.00, a PE ratio of -23.94, a PEG ratio of 0.99 and a beta of 1.17. American International Group Inc has a 1 year low of $57.85 and a 1 year high of $67.30.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.28 annualized dividend and a yield of 2.15%. American International Group’s payout ratio is -51.41%.
Several research firms have weighed in on AIG. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Friday, November 3rd. Barclays lowered their price target on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $74.00 price target on shares of American International Group in a report on Wednesday, December 6th. Finally, Credit Suisse Group set a $73.00 price objective on American International Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. American International Group has a consensus rating of “Hold” and a consensus price target of $66.87.
American International Group 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.
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