Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in American International Group, Inc. (NYSE:AIG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in American International Group, Inc. (NYSE:AIG) by 5.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,632 shares of the insurance provider’s stock after selling 7,550 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American International Group were worth $9,656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Artemis Investment Management LLP lifted its stake in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after buying an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after buying an additional 4,468 shares in the last quarter. Merit Financial Group LLC purchased a new stake in American International Group in the 4th quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group in the 4th quarter valued at approximately $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

American International Group Trading Down 0.8 %

Shares of AIG opened at $83.03 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $49.27 billion, a P/E ratio of -39.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock’s fifty day simple moving average is $77.45 and its 200 day simple moving average is $75.56. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $84.99.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.93%. American International Group’s dividend payout ratio is currently -76.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AIG. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. UBS Group reduced their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Company Profile

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.