California Public Employees Retirement System Cuts Stock Position in American International Group, Inc. (NYSE:AIG)

California Public Employees Retirement System decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,366,890 shares of the insurance provider’s stock after selling 73,164 shares during the quarter. California Public Employees Retirement System owned about 0.19% of American International Group worth $92,607,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Meeder Advisory Services Inc. lifted its holdings in shares of American International Group by 1.3% in the 3rd quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock worth $776,000 after acquiring an additional 162 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in American International Group by 3.6% in the third quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 167 shares during the last quarter. Steph & Co. boosted its position in shares of American International Group by 3.3% during the third quarter. Steph & Co. now owns 5,448 shares of the insurance provider’s stock valued at $330,000 after buying an additional 176 shares during the period. Lindbrook Capital LLC raised its holdings in shares of American International Group by 2.7% in the fourth quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock worth $458,000 after buying an additional 176 shares during the period. Finally, Aspiriant LLC raised its holdings in shares of American International Group by 3.4% in the fourth quarter. Aspiriant LLC now owns 5,417 shares of the insurance provider’s stock worth $367,000 after buying an additional 178 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on American International Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. BMO Capital Markets lowered their price objective on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. UBS Group raised their target price on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Bank of America lowered American International Group from a “buy” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Finally, Morgan Stanley increased their price objective on American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.38.

American International Group Stock Up 0.1 %

Shares of American International Group stock opened at $74.98 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The company has a market cap of $51.06 billion, a P/E ratio of 15.03, a PEG ratio of 1.08 and a beta of 1.03. The firm’s 50 day moving average price is $74.52 and its 200-day moving average price is $68.81. American International Group, Inc. has a 52-week low of $48.95 and a 52-week high of $78.95.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.20. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. American International Group’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. On average, sell-side analysts predict that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.92%. American International Group’s dividend payout ratio (DPR) is 28.86%.

Insider Buying and Selling at American International Group

In other news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now directly owns 659 shares of the company’s stock, valued at approximately $49,682.01. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

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.