Kentucky Retirement Systems Insurance Trust Fund Increases Stake in American International Group, Inc. (NYSE:AIG)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in American International Group, Inc. (NYSE:AIG) by 173.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,140 shares of the insurance provider’s stock after buying an additional 33,074 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in American International Group were worth $3,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of American International Group during the fourth quarter valued at approximately $113,000. Venturi Wealth Management LLC boosted its holdings in shares of American International Group by 0.3% during the 4th quarter. Venturi Wealth Management LLC now owns 158,237 shares of the insurance provider’s stock valued at $11,520,000 after buying an additional 533 shares in the last quarter. Truist Financial Corp grew its position in shares of American International Group by 2.4% in the 4th quarter. Truist Financial Corp now owns 64,633 shares of the insurance provider’s stock worth $4,705,000 after buying an additional 1,498 shares during the period. CIBC Asset Management Inc increased its stake in shares of American International Group by 2.1% in the 4th quarter. CIBC Asset Management Inc now owns 99,536 shares of the insurance provider’s stock worth $7,246,000 after acquiring an additional 2,081 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in American International Group during the 4th quarter valued at about $303,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 2.8 %

NYSE:AIG opened at $74.27 on Tuesday. American International Group, Inc. has a one year low of $68.04 and a one year high of $80.83. The business has a fifty day moving average price of $73.44 and a 200-day moving average price of $74.40. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last posted its quarterly earnings data 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 positive return on equity of 8.63% and a negative net margin of 6.19%. Sell-side analysts forecast that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s payout ratio is currently -47.20%.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American International Group has an average rating of “Hold” and an average price target of $84.06.

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.