Kentucky Retirement Systems Purchases 85,385 Shares of American International Group, Inc. $AIG

Kentucky Retirement Systems raised its position in American International Group, Inc. (NYSE:AIG) by 236.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,559 shares of the insurance provider’s stock after acquiring an additional 85,385 shares during the quarter. Kentucky Retirement Systems’ holdings in American International Group were worth $9,147,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Modus Advisors LLC bought a new stake in shares of American International Group in the 4th quarter valued at about $27,000. Navalign LLC bought a new position in American International Group during the fourth quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new position in American International Group during the fourth quarter worth approximately $29,000. SHP Wealth Management acquired a new position in American International Group during the fourth quarter worth approximately $34,000. Finally, CENTRAL TRUST Co raised its stake in American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 0.7%

Shares of NYSE:AIG opened at $80.23 on Thursday. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29. The business has a 50 day moving average of $76.87 and a 200-day moving average of $76.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market cap of $42.54 billion, a PE ratio of 14.15, a P/E/G ratio of 0.74 and a beta of 0.53.

American International Group (NYSE:AIG) last announced its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates 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 last year, the company earned $1.17 earnings per share. As a group, equities research analysts forecast that American International Group, Inc. will post 7.97 earnings per share for the current year.

Analysts Set New Price Targets

AIG has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $80.00 price objective (down from $88.00) on shares of American International Group in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods decreased their target price on American International Group from $98.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. UBS Group increased their price target on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. raised their price target on American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Mizuho lifted their price objective on shares of American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.22.

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.