Barrow Hanley Mewhinney & Strauss LLC Has $516.78 Million Stake in American International Group, Inc. (NYSE:AIG)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,098,551 shares of the insurance provider’s stock after selling 165,656 shares during the quarter. American International Group accounts for 1.8% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 15th biggest holding. Barrow Hanley Mewhinney & Strauss LLC’s holdings in American International Group were worth $516,775,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Catalina Capital Group LLC increased its position in American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 148 shares in the last quarter. Hilltop National Bank increased its holdings in shares of American International Group by 4.7% during the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock worth $283,000 after buying an additional 175 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of American International Group by 2.1% during the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock valued at $634,000 after acquiring an additional 179 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in American International Group by 11.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 179 shares during the last quarter. Finally, Foster & Motley Inc. increased its holdings in American International Group by 0.8% in the 4th quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider’s stock worth $1,715,000 after purchasing an additional 194 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 1.0 %

Shares of NYSE AIG opened at $83.55 on Friday. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $85.11. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $49.57 billion, a PE ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. The company’s fifty day simple moving average is $78.53 and its 200 day simple moving average is $75.93.

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

American International Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIG. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.31.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.61% of the stock is owned by company insiders.

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.