American International Group, Inc. (NYSE:AIG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,093,852 shares of the insurance provider’s stock after selling 116,536 shares during the period. California Public Employees Retirement System owned approximately 0.18% of American International Group worth $79,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIG. Fisher Asset Management LLC acquired a new stake in American International Group in the third quarter worth approximately $291,000. Captrust Financial Advisors lifted its holdings in shares of American International Group by 5.8% in the third quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider’s stock valued at $3,289,000 after buying an additional 2,469 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of American International Group in the third quarter valued at $295,000. True Wealth Design LLC bought a new position in American International Group during the third quarter valued at about $29,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in American International Group during the third quarter worth about $1,828,000. 90.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Wednesday, March 5th. Morgan Stanley boosted 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, February 14th. Finally, Wells Fargo & Company raised their target price on shares of 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

American International Group Price Performance

NYSE:AIG opened at $87.01 on Tuesday. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $87.51. The company has a market capitalization of $51.63 billion, a price-to-earnings ratio of -41.83, a PEG ratio of 1.01 and a beta of 0.98. The company has a 50-day moving average of $78.77 and a 200-day moving average of $76.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last announced 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 4.25% and a positive return on equity of 8.01%. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.84%. American International Group’s payout ratio is -76.92%.

American International Group 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.