American International Group, Inc. (NYSE:AIG) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,691 shares of the insurance provider’s stock after selling 2,765 shares during the period. Maryland State Retirement & Pension System’s holdings in American International Group were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new position in American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc acquired a new position in American International Group during the 4th quarter worth approximately $26,000. True Wealth Design LLC acquired a new position in American International Group during the 3rd quarter worth approximately $29,000. BankPlus Trust Department acquired a new position in American International Group during the 4th quarter worth approximately $36,000. Finally, Continuum Advisory LLC increased its position in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 0.0 %

Shares of American International Group stock opened at $83.64 on Friday. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $84.99. The firm has a market cap of $49.63 billion, a PE ratio of -40.21, a P/E/G ratio of 1.01 and a beta of 0.98. The business’s fifty day moving average is $77.20 and its two-hundred day moving average is $75.52. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is presently -76.92%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AIG shares. BMO Capital Markets boosted their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company upped their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.31.

Insiders Place Their Bets

In other news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.