Barrow Hanley Mewhinney & Strauss LLC Sells 165,656 Shares of American International Group, Inc. (NYSE:AIG)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in American International Group, Inc. (NYSE:AIG) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,098,551 shares of the insurance provider’s stock after selling 165,656 shares during the quarter. American International Group accounts for approximately 1.8% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 15th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.14% of American International Group worth $516,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Norges Bank acquired a new position in American International Group during the 4th quarter worth about $718,013,000. Wellington Management Group LLP raised its position in shares of American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after acquiring an additional 6,119,996 shares during the last quarter. Prana Capital Management LP boosted its position in shares of American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the last quarter. Raymond James Financial Inc. bought a new position in American International Group during the fourth quarter worth about $95,074,000. Finally, Swedbank AB grew its position in shares of American International Group by 70.6% during the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after buying an additional 880,625 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Trading Down 1.0 %

American International Group stock opened at $83.55 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day moving average of $78.53 and a 200-day moving average of $75.93. The company has a market cap of $49.57 billion, a price-to-earnings ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a one year low of $69.00 and a one year high of $85.11.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIG. BMO Capital Markets upped their target price on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group 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.