American International Group, Inc. (NYSE:AIG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 595,704 shares of the insurance provider’s stock after selling 44,479 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of American International Group worth $43,367,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Catalina Capital Group LLC grew its position in shares of American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 148 shares during the period. EagleClaw Capital Managment LLC boosted its holdings in American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after buying an additional 150 shares during the last quarter. Independent Advisor Alliance boosted its holdings in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after buying an additional 161 shares during the last quarter. Graypoint LLC boosted its holdings in American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after buying an additional 167 shares during the last quarter. Finally, Commerce Bank boosted its holdings in American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after buying an additional 172 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AIG shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective 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. Morgan Stanley lifted their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered their target price 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. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.06.

American International Group Stock Down 2.8 %

AIG stock opened at $74.27 on Friday. The firm has a market cap of $46.33 billion, a PE ratio of -21.91, a PEG ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50 day moving average price is $73.47 and its 200-day moving average price is $74.49. American International Group, Inc. has a one year low of $68.04 and a one year high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. On average, equities research analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -47.20%.

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.