Louisiana State Employees Retirement System Has $3.41 Million Position in American International Group, Inc. (AIG)

Louisiana State Employees Retirement System lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,600 shares of the insurance provider’s stock after selling 2,600 shares during the period. Louisiana State Employees Retirement System’s holdings in American International Group were worth $3,414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of AIG. Old Mutual Global Investors UK Ltd. increased its position in shares of American International Group by 450.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 2,166,582 shares of the insurance provider’s stock worth $135,259,000 after buying an additional 1,772,801 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of American International Group by 74.5% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,446,372 shares of the insurance provider’s stock worth $225,083,000 after buying an additional 1,471,384 shares in the last quarter. TD Asset Management Inc. increased its position in shares of American International Group by 49.4% in the first quarter. TD Asset Management Inc. now owns 3,245,019 shares of the insurance provider’s stock worth $202,587,000 after buying an additional 1,073,157 shares in the last quarter. Swiss National Bank increased its position in shares of American International Group by 20.9% in the first quarter. Swiss National Bank now owns 3,639,456 shares of the insurance provider’s stock worth $227,211,000 after buying an additional 629,400 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of American International Group by 12.3% in the first quarter. Epoch Investment Partners Inc. now owns 4,342,201 shares of the insurance provider’s stock worth $271,084,000 after buying an additional 474,434 shares in the last quarter. Institutional investors own 86.16% of the company’s stock.

American International Group, Inc. (NYSE:AIG) traded down 0.64% during midday trading on Tuesday, reaching $63.64. 2,159,156 shares of the company were exchanged. American International Group, Inc. has a 52 week low of $53.93 and a 52 week high of $67.47. The company has a market capitalization of $58.92 billion, a PE ratio of 129.35 and a beta of 1.13. The firm has a 50-day moving average price of $63.09 and a 200-day moving average price of $63.48.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.11 by $0.25. American International Group had a net margin of 1.00% and a return on equity of 5.36%. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $11 billion. During the same quarter in the previous year, the business posted $0.65 EPS. Equities research analysts anticipate that American International Group, Inc. will post $5.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Monday, June 12th. American International Group’s dividend payout ratio (DPR) is presently 412.92%.

American International Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 3rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the insurance provider to buy up to 4.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Morgan Stanley upgraded shares of American International Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $62.87 to $61.82 in a research note on Tuesday, May 16th. TheStreet upgraded shares of American International Group from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $71.00 target price on shares of American International Group in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. American International Group presently has an average rating of “Buy” and an average target price of $65.15.

In other news, CEO Brian Duperreault purchased 80,000 shares of the stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $61.48 per share, for a total transaction of $4,918,400.00. Following the acquisition, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at approximately $4,918,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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