Oregon Public Employees Retirement Fund Grows Stake in American International Group, Inc. $AIG

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

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of American International Group in the 4th quarter valued at $1,091,000. SCS Capital Management LLC purchased a new position in American International Group during the first quarter valued at $227,000. Focus Partners Wealth grew its position in shares of American International Group by 100.4% in the first quarter. Focus Partners Wealth now owns 29,270 shares of the insurance provider’s stock valued at $2,545,000 after purchasing an additional 14,664 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of American International Group during the first quarter valued at approximately $231,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of American International Group by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 4,943 shares of the insurance provider’s stock worth $430,000 after buying an additional 1,630 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 3.1%

Shares of NYSE:AIG opened at $75.50 on Friday. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $40.74 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.72 and a beta of 0.62. The firm has a fifty day moving average price of $80.09 and a 200 day moving average price of $80.17.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company earned $1.23 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

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

Wall Street Analyst Weigh In

AIG has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Evercore ISI increased their price objective on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their price objective 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. Wolfe Research started coverage on American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.17.

American International Group Company 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.