American International Group, Inc. $AIG Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,692 shares of the insurance provider’s stock after selling 14,090 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of American International Group worth $25,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Brighton Jones LLC purchased a new position in shares of American International Group in the 4th quarter valued at about $1,091,000. Sivia Capital Partners LLC lifted its position in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares in the last quarter. Keybank National Association OH boosted its stake in American International Group by 17.9% during the 2nd quarter. Keybank National Association OH now owns 8,865 shares of the insurance provider’s stock worth $759,000 after purchasing an additional 1,346 shares during the last quarter. Code Waechter LLC grew its stake in American International Group by 44.6% during the 2nd quarter. Code Waechter LLC now owns 4,107 shares of the insurance provider’s stock valued at $352,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Elyxium Wealth LLC boosted its holdings in shares of American International Group by 39.6% during the 2nd quarter. Elyxium Wealth LLC now owns 9,026 shares of the insurance provider’s stock worth $773,000 after purchasing an additional 2,562 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE:AIG opened at $78.96 on Wednesday. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $77.98 and a two-hundred day moving average price of $78.95. The company has a market capitalization of $42.37 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter in the previous year, the business posted $1.30 earnings per share. As a group, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, March 16th. American International Group’s dividend payout ratio (DPR) is 33.21%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AIG. Evercore lowered their price target on shares of American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Wells Fargo & Company lifted their price objective on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Barclays reduced their price objective on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Cantor Fitzgerald increased their target price on American International Group from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Finally, TD Cowen boosted their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.58.

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.