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

California Public Employees Retirement System lowered its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,093,852 shares of the insurance provider's stock after selling 116,536 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of American International Group worth $79,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC purchased a new stake in American International Group in the third quarter valued at $291,000. Captrust Financial Advisors boosted its position in shares of American International Group by 5.8% in the 3rd quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider's stock valued at $3,289,000 after purchasing an additional 2,469 shares during the period. Edgestream Partners L.P. acquired a new position in American International Group during the third quarter worth approximately $295,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the third quarter valued at approximately $29,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of American International Group during the third quarter worth approximately $1,828,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on AIG shares. HSBC upgraded shares of 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. Barclays increased their target price on shares of American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Evercore ISI upped their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their target price on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.12.

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American International Group Price Performance

American International Group stock traded down $6.89 during mid-day trading on Friday, reaching $79.31. The company had a trading volume of 3,253,546 shares, compared to its average volume of 4,386,686. The stock's 50-day simple moving average is $79.49 and its 200-day simple moving average is $76.30. The company has a market capitalization of $47.06 billion, a P/E ratio of -38.03, a P/E/G ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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%. On average, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced 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 was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.02%. American International Group's dividend payout ratio (DPR) is currently -76.92%.

Insiders Place Their Bets

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

American International Group Company 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.