New York State Teachers Retirement System Has $35.49 Million Stake in American International Group, Inc. $AIG

New York State Teachers Retirement System reduced its holdings in American International Group, Inc. (NYSE:AIG) by 12.1% during the 3rd quarter, Holdings Channel reports. The fund owned 451,920 shares of the insurance provider’s stock after selling 62,058 shares during the quarter. New York State Teachers Retirement System’s holdings in American International Group were worth $35,494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AIG. Twin Peaks Wealth Advisors LLC acquired a new position in American International Group in the second quarter worth $32,000. GFG Capital LLC acquired a new stake in shares of American International Group in the second quarter valued at $33,000. Motco raised its holdings in shares of American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after buying an additional 380 shares during the last quarter. Barrett & Company Inc. acquired a new position in American International Group during the 2nd quarter worth about $35,000. Finally, NewSquare Capital LLC lifted its position in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after buying an additional 154 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. HSBC lowered their price objective on shares of American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. UBS Group raised their price target on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Morgan Stanley dropped their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. TD Cowen increased their price objective on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada initiated coverage on American International Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $89.17.

American International Group Price Performance

AIG opened at $75.50 on Monday. The company has a fifty day moving average price of $80.09 and a two-hundred day moving average price of $80.14. The firm has a market capitalization of $40.74 billion, a PE ratio of 13.73, a P/E/G ratio of 0.72 and a beta of 0.62. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company earned $1.23 EPS. As a group, analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 16th. American International Group’s payout ratio is presently 32.73%.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.