Strs Ohio lowered its stake in shares of American International Group Inc. (NYSE:AIG) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 962,053 shares of the insurance provider’s stock after selling 26,689 shares during the period. Strs Ohio’s holdings in American International Group were worth $50,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Stoneridge Investment Partners LLC increased its position in shares of American International Group by 8.6% in the second quarter. Stoneridge Investment Partners LLC now owns 54,588 shares of the insurance provider’s stock valued at $2,887,000 after buying an additional 4,332 shares in the last quarter. Mount Vernon Associates Inc. MD increased its position in shares of American International Group by 2.7% in the second quarter. Mount Vernon Associates Inc. MD now owns 19,711 shares of the insurance provider’s stock worth $1,043,000 after buying an additional 511 shares in the last quarter. Kirr Marbach & Co. LLC IN increased its position in shares of American International Group by 0.4% in the second quarter. Kirr Marbach & Co. LLC IN now owns 269,533 shares of the insurance provider’s stock worth $14,256,000 after buying an additional 1,162 shares in the last quarter. SeaBridge Investment Advisors LLC increased its position in shares of American International Group by 75.1% in the second quarter. SeaBridge Investment Advisors LLC now owns 116,522 shares of the insurance provider’s stock worth $6,163,000 after buying an additional 49,967 shares in the last quarter. Finally, Oakbrook Investments LLC increased its position in shares of American International Group by 33.6% in the second quarter. Oakbrook Investments LLC now owns 119,561 shares of the insurance provider’s stock worth $6,324,000 after buying an additional 30,076 shares in the last quarter. 84.69% of the stock is owned by hedge funds and other institutional investors.

American International Group Inc. (NYSE:AIG) traded up 0.43% during mid-day trading on Wednesday, reaching $58.09. 8,334,384 shares of the company’s stock traded hands. The stock’s market cap is $62.19 billion. The company has a 50 day moving average price of $58.89 and a 200-day moving average price of $55.64. American International Group Inc. has a 12 month low of $48.41 and a 12 month high of $64.31.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. American International Group had a negative net margin of 0.64% and a positive return on equity of 1.33%. During the same quarter in the prior year, the business posted $1.39 earnings per share. On average, analysts anticipate that American International Group Inc. will post $4.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, September 13th. American International Group’s payout ratio is currently -799.95%.

AIG has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on shares of American International Group in a research note on Wednesday, July 6th. They issued a “buy” rating and a $62.00 target price for the company. Vetr downgraded shares of American International Group from a “buy” rating to a “hold” rating and set a $55.52 target price for the company. in a research note on Monday, July 18th. Wells Fargo & Co. raised shares of American International Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 26th. FBR & Co reaffirmed a “hold” rating and issued a $53.00 target price on shares of American International Group in a research note on Thursday, August 4th. Finally, BMO Capital Markets boosted their target price on shares of American International Group from $58.86 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, August 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $64.75.

About American International Group

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

5 Day Chart for NYSE:AIG

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