Teachers Retirement System of The State of Kentucky Reduces Holdings in American International Group, Inc. (NYSE:AIG)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,448 shares of the insurance provider’s stock after selling 139 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.05% of American International Group worth $24,755,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AIG. Capital Research Global Investors increased its holdings in American International Group by 0.4% in the fourth quarter. Capital Research Global Investors now owns 41,770,175 shares of the insurance provider’s stock valued at $2,829,930,000 after buying an additional 176,286 shares in the last quarter. Putnam Investments LLC raised its position in shares of American International Group by 3.8% in the 4th quarter. Putnam Investments LLC now owns 8,245,693 shares of the insurance provider’s stock worth $558,646,000 after buying an additional 300,712 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of American International Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock valued at $477,802,000 after purchasing an additional 269,188 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of American International Group by 0.6% in the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock worth $425,273,000 after acquiring an additional 31,340 shares in the last quarter. Finally, Third Point LLC lifted its stake in shares of American International Group by 16.9% during the fourth quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock worth $233,738,000 after purchasing an additional 500,000 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

AIG opened at $73.23 on Tuesday. The firm’s fifty day moving average price is $74.10 and its two-hundred day moving average price is $75.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $48.60 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 3.70 and a beta of 1.06. American International Group, Inc. has a 1 year low of $57.72 and a 1 year high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.14). The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. American International Group’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 earnings per share. As a group, analysts anticipate that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.18%. American International Group’s dividend payout ratio (DPR) is presently 23.88%.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the sale, the insider now directly owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AIG shares. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods decreased their price target on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company cut their target price on American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Piper Sandler cut their target price on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America boosted their price objective on American International Group from $81.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, American International Group currently has a consensus rating of “Hold” and an average price target of $83.88.

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.