Oregon Public Employees Retirement Fund Boosts Stock Holdings in American International Group, Inc. $AIG

Oregon Public Employees Retirement Fund increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 27.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,278 shares of the insurance provider’s stock after acquiring an additional 13,525 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in American International Group were worth $4,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ferguson Wellman Capital Management Inc. raised its stake in shares of American International Group by 0.3% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 610,303 shares of the insurance provider’s stock valued at $47,933,000 after purchasing an additional 2,096 shares during the period. Foster & Motley Inc. grew its position in shares of American International Group by 14.7% during the 3rd quarter. Foster & Motley Inc. now owns 34,466 shares of the insurance provider’s stock valued at $2,707,000 after purchasing an additional 4,430 shares in the last quarter. United Asset Strategies Inc. increased its holdings in shares of American International Group by 1.8% in the third quarter. United Asset Strategies Inc. now owns 126,735 shares of the insurance provider’s stock worth $9,954,000 after purchasing an additional 2,297 shares during the period. Lecap Asset Management Ltd. raised its position in shares of American International Group by 624.1% in the third quarter. Lecap Asset Management Ltd. now owns 30,146 shares of the insurance provider’s stock worth $2,368,000 after buying an additional 25,983 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in American International Group by 3.6% in the third quarter. HB Wealth Management LLC now owns 27,479 shares of the insurance provider’s stock valued at $2,158,000 after purchasing an additional 953 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 3.1%

Shares of AIG opened at $75.50 on Friday. The company has a 50 day simple moving average of $80.09 and a two-hundred day simple moving average of $80.17. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The firm has a market cap of $40.74 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.72 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. On average, equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm 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 dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of analyst reports. Mizuho began coverage on shares of American International Group in a research report on Tuesday, December 16th. They issued a “neutral” rating and a $84.00 target price on the stock. Wells Fargo & Company boosted their target price on American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. TD Cowen raised their target price on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $89.17.

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.