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

Teachers Retirement System of The State of Kentucky lowered its holdings in American International Group, Inc. (NYSE:AIG) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,904 shares of the insurance provider’s stock after selling 544 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of American International Group worth $24,378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new position in American International Group during the 3rd quarter valued at approximately $26,000. Y.D. More Investments Ltd bought a new position in shares of American International Group during the second quarter worth about $27,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter worth about $29,000. Continuum Advisory LLC lifted its position in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in American International Group during the 3rd quarter valued at about $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the topic of a number of recent analyst reports. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Jefferies Financial Group lifted their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group increased their price target on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.80.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Down 1.5 %

Shares of American International Group stock opened at $73.00 on Wednesday. The stock’s fifty day moving average is $76.06 and its 200-day moving average is $75.32. The firm has a market capitalization of $45.53 billion, a PE ratio of -21.53, a price-to-earnings-growth ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a 12-month low of $65.44 and a 12-month high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the business earned $1.61 EPS. Equities analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. American International Group’s dividend payout ratio is -47.20%.

American International Group Company 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.