Teachers Retirement System of The State of Kentucky Buys 29,990 Shares of American International Group, Inc. $AIG

Teachers Retirement System of The State of Kentucky boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 9.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 350,682 shares of the insurance provider’s stock after purchasing an additional 29,990 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in American International Group were worth $30,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new stake in shares of American International Group in the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp increased its holdings in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares in the last quarter. Eastern Bank increased its holdings in shares of American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares in the last quarter. Motco increased its holdings in shares of American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 380 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in shares of American International Group in the 4th quarter worth $39,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AIG. Mizuho reduced their target price on American International Group from $86.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Wells Fargo & Company reduced their target price on American International Group from $87.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. HSBC reduced their target price on American International Group from $90.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Keefe, Bruyette & Woods lifted their target price on American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $86.76.

American International Group Stock Performance

AIG stock opened at $75.10 on Friday. The company has a market cap of $40.32 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.58 and a beta of 0.59. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The stock’s fifty day moving average price is $77.26 and its 200-day moving average price is $78.06.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period last year, the business posted $1.30 EPS. On average, equities analysts forecast that American International Group, Inc. will post 7.79 earnings per share for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, March 16th. American International Group’s dividend payout ratio (DPR) is 33.21%.

About American International Group

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.