Public Employees Retirement System of Ohio Sells 19,353 Shares of American International Group, Inc. $AIG

Public Employees Retirement System of Ohio reduced its position in American International Group, Inc. (NYSE:AIG) by 7.8% during the first quarter, HoldingsChannel reports. The firm owned 227,441 shares of the insurance provider’s stock after selling 19,353 shares during the period. Public Employees Retirement System of Ohio’s holdings in American International Group were worth $17,115,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AIG. Modus Advisors LLC bought a new position in American International Group during the fourth quarter worth $27,000. Navalign LLC acquired a new position in American International Group in the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new stake in American International Group during the fourth quarter valued at $29,000. SHP Wealth Management acquired a new stake in American International Group during the 4th quarter worth about $34,000. Finally, CENTRAL TRUST Co grew its holdings in American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 151 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AIG shares. Piper Sandler reissued a “neutral” rating and issued a $80.00 price objective (down from $88.00) on shares of American International Group in a research note on Wednesday, July 15th. Mizuho raised their target price on American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods lowered their target price on American International Group from $98.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Citigroup boosted their price target on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group increased their price target on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $88.22.

American International Group Price Performance

Shares of NYSE AIG opened at $79.09 on Friday. The firm has a market capitalization of $41.93 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.73 and a beta of 0.53. The firm’s 50-day moving average price is $76.74 and its 200-day moving average price is $76.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29.

American International Group (NYSE:AIG) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period last year, the business posted $1.17 EPS. Equities research analysts anticipate that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a $0.50 dividend. The ex-dividend date was Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.5%. American International Group’s dividend payout ratio is currently 35.27%.

American International Group 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.