Teachers Retirement System of The State of Kentucky Decreases Stock Position in American International Group, Inc. (NYSE:AIG)

Teachers Retirement System of The State of Kentucky lessened its position in American International Group, Inc. (NYSE:AIGGet Rating) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,369 shares of the insurance provider’s stock after selling 2,627 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American International Group were worth $3,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rehmann Capital Advisory Group increased its holdings in shares of American International Group by 3.5% in the first quarter. Rehmann Capital Advisory Group now owns 8,019 shares of the insurance provider’s stock valued at $503,000 after purchasing an additional 274 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American International Group by 30.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,018 shares of the insurance provider’s stock valued at $4,771,000 after purchasing an additional 17,522 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its holdings in shares of American International Group by 15.6% in the first quarter. Fortitude Advisory Group L.L.C. now owns 3,417 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of American International Group by 64.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,808 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 707 shares during the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in shares of American International Group in the first quarter valued at approximately $385,000. Hedge funds and other institutional investors own 90.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AIG shares. Credit Suisse Group increased their price target on American International Group from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, September 12th. StockNews.com cut American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 2nd. Finally, Barclays cut their target price on American International Group from $63.00 to $56.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, American International Group has a consensus rating of “Hold” and a consensus target price of $65.29.

Insider Activity at American International Group

In related news, EVP Luciana Fato sold 17,000 shares of American International Group stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $54.01, for a total value of $918,170.00. Following the completion of the transaction, the executive vice president now directly owns 45,444 shares in the company, valued at $2,454,430.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by company insiders.

American International Group Trading Down 1.0 %

Shares of NYSE AIG opened at $53.65 on Monday. American International Group, Inc. has a twelve month low of $48.40 and a twelve month high of $65.73. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $53.09 and a 200-day simple moving average of $56.43. The stock has a market capitalization of $40.80 billion, a PE ratio of 3.52 and a beta of 1.17.

American International Group (NYSE:AIGGet Rating) last issued its quarterly earnings data on Monday, August 8th. The insurance provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). American International Group had a net margin of 22.23% and a return on equity of 7.12%. During the same period last year, the firm earned $1.52 earnings per share. On average, equities analysts forecast that American International Group, Inc. will post 5.03 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.32 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.39%. American International Group’s dividend payout ratio (DPR) is presently 8.40%.

American International Group Company Profile

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American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

See Also

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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