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

Teachers Retirement System of The State of Kentucky raised its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 364,795 shares of the insurance provider's stock after acquiring an additional 31,891 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of American International Group worth $26,557,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Norinchukin Bank The raised its position in shares of American International Group by 9.5% during the 4th quarter. Norinchukin Bank The now owns 30,059 shares of the insurance provider's stock valued at $2,188,000 after acquiring an additional 2,614 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in American International Group during the 4th quarter worth about $1,899,000. Capital Research Global Investors boosted its position in American International Group by 1.4% during the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after purchasing an additional 482,724 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in American International Group by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,915,405 shares of the insurance provider's stock worth $503,437,000 after buying an additional 143,046 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of American International Group by 7.4% in the 4th quarter. First Trust Advisors LP now owns 458,495 shares of the insurance provider's stock valued at $33,378,000 after purchasing an additional 31,405 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Price Performance

Shares of American International Group stock traded up $0.03 on Wednesday, reaching $81.67. The company's stock had a trading volume of 3,086,057 shares, compared to its average volume of 4,466,998. The stock has a 50-day moving average price of $81.37 and a 200-day moving average price of $77.08. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a market capitalization of $48.64 billion, a P/E ratio of -39.27, a PEG ratio of 1.01 and a beta of 0.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last posted 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.96%. American International Group's dividend payout ratio (DPR) is -76.92%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AIG. Evercore ISI boosted their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. 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 note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft upped their price target on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. The Goldman Sachs Group lifted their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $87.65.

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.