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

Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,098,551 shares of the insurance provider's stock after selling 165,656 shares during the quarter. American International Group makes up 1.8% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 15th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned 1.14% of American International Group worth $516,775,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc acquired a new position in shares of American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. BankPlus Trust Department acquired a new stake in American International Group in the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of American International Group during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays increased their target price on American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. Finally, Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and an average target price of $86.76.

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Insiders Place Their Bets

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

American International Group Stock Down 1.3 %

Shares of AIG traded down $1.13 during trading hours on Thursday, reaching $86.59. The company's stock had a trading volume of 1,450,849 shares, compared to its average volume of 4,367,245. The company has a 50 day moving average of $79.26 and a two-hundred day moving average of $76.23. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The firm has a market cap of $51.38 billion, a price-to-earnings ratio of -41.63, a P/E/G ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, March 17th. American International Group's dividend payout ratio (DPR) is currently -76.92%.

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.