American International Group, Inc. $AIG Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668,248 shares of the insurance provider’s stock after selling 14,483 shares during the period. State Board of Administration of Florida Retirement System owned about 0.12% of American International Group worth $57,195,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AIG. Brighton Jones LLC acquired a new position in shares of American International Group in the fourth quarter worth about $1,091,000. Avantax Advisory Services Inc. lifted its position in shares of American International Group by 14.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,341 shares of the insurance provider’s stock valued at $1,508,000 after acquiring an additional 2,205 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of American International Group by 29.5% in the 1st quarter. Cetera Investment Advisers now owns 68,893 shares of the insurance provider’s stock valued at $5,990,000 after acquiring an additional 15,684 shares in the last quarter. LPL Financial LLC boosted its stake in American International Group by 49.0% in the 1st quarter. LPL Financial LLC now owns 501,234 shares of the insurance provider’s stock worth $43,577,000 after purchasing an additional 164,903 shares during the period. Finally, GSA Capital Partners LLP grew its position in American International Group by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 9,157 shares of the insurance provider’s stock worth $796,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

AIG opened at $76.16 on Friday. The stock has a fifty day moving average price of $78.41 and a 200 day moving average price of $80.60. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The stock has a market cap of $41.09 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period last year, the business earned $1.23 EPS. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Cantor Fitzgerald raised American International Group to a “hold” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada initiated coverage on American International Group in a research note on Tuesday. They issued a “sector perform” rating and a $85.00 price objective for the company. Barclays raised their price objective on American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Morgan Stanley dropped their target price on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $89.44.

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.