American International Group, Inc. (NYSE:AIG) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its stake in American International Group, Inc. (NYSE:AIG) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,795 shares of the insurance provider’s stock after purchasing an additional 31,891 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of American International Group worth $26,557,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP lifted its position in shares of American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after acquiring an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after purchasing an additional 4,468 shares during the last quarter. Merit Financial Group LLC purchased a new stake in American International Group during the fourth quarter worth $1,260,000. Finally, Williams & Novak LLC acquired a new stake in American International Group in the fourth quarter valued at $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

American International Group Price Performance

AIG opened at $81.14 on Monday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50 day simple moving average is $81.07 and its 200 day simple moving average is $76.99. The stock has a market capitalization of $48.32 billion, a PE ratio of -39.01, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. American International Group’s dividend payout ratio (DPR) is -76.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AIG shares. UBS Group decreased their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. Barclays cut their price objective on American International Group from $98.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group increased their target price on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.65.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.