American International Group, Inc. $AIG Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in American International Group, Inc. (NYSE:AIG) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 343,582 shares of the insurance provider’s stock after selling 7,100 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of American International Group worth $25,855,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of American International Group during the 4th quarter worth about $1,091,000. Sivia Capital Partners LLC raised its position in American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of American International Group in the 2nd quarter worth approximately $217,000. Ieq Capital LLC grew its position in American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after buying an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of American International Group in the second quarter valued at $269,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Price Performance

AIG opened at $79.13 on Monday. The firm has a market capitalization of $41.96 billion, a P/E ratio of 13.96, a PEG ratio of 0.72 and a beta of 0.53. The stock has a fifty day moving average of $76.22 and a 200-day moving average of $76.92. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter in the previous year, the company posted $1.17 earnings per share. Equities analysts forecast that American International Group, Inc. will post 8 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is presently 35.27%.

Key Headlines Impacting American International Group

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Cantor Fitzgerald upgraded AIG from neutral to overweight and lifted its price target to $92, citing continued Q1 momentum. AIG raised to overweight at Cantor based on Q1 momentum continuing
• Positive Sentiment: Mizuho raised its price target on AIG to $89 from $86, reflecting higher valuation expectations even while keeping a neutral rating. American International Group (NYSE:AIG) Price Target Raised to $89.00 at Mizuho
• Positive Sentiment: Wells Fargo also increased its target on AIG to $89 from $85, suggesting analysts see further upside from current levels. Benzinga report on Wells Fargo target increase
• Neutral Sentiment: Barclays reaffirmed its hold rating on AIG, which does not add to the bullish case but shows the stock still has analyst attention. Barclays Reaffirms Their Hold Rating on American International Group (AIG)
• Neutral Sentiment: UBS issued a positive forecast for AIG, but no specific target change or upgrade was detailed in the provided item. UBS Group Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AIG. Barclays increased their price objective on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Weiss Ratings raised American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price target on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Citigroup lifted their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald upgraded American International Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $85.00 to $92.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average target price of $88.44.

American International Group 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.