Maryland State Retirement & Pension System Sells 833 Shares of American International Group, Inc. $AIG

Maryland State Retirement & Pension System lessened its position in shares of American International Group, Inc. (NYSE:AIG) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,366 shares of the insurance provider’s stock after selling 833 shares during the period. Maryland State Retirement & Pension System’s holdings in American International Group were worth $2,428,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sachetta LLC boosted its holdings in shares of American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 249 shares during the period. Barrett & Company Inc. bought a new stake in shares of American International Group during the second quarter worth approximately $35,000. Hemington Wealth Management boosted its holdings in shares of American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 142 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of American International Group during the second quarter worth approximately $42,000. Finally, NBC Securities Inc. bought a new stake in shares of American International Group during the first quarter worth approximately $47,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Evercore ISI lifted their price target on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Wolfe Research assumed coverage on shares of American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Citigroup assumed coverage on shares of American International Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.53.

American International Group Stock Down 2.2%

Shares of AIG opened at $81.34 on Friday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a market cap of $45.06 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.88 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $79.80 and a two-hundred day simple moving average of $81.68.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the business earned $1.16 earnings per share. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. American International Group’s dividend payout ratio is 34.09%.

About American International Group

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.