New York State Teachers Retirement System Has $43.37 Million Stake in American International Group, Inc. (NYSE:AIG)

New York State Teachers Retirement System decreased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 595,704 shares of the insurance provider's stock after selling 44,479 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of American International Group worth $43,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group in the 3rd quarter worth approximately $494,000. Artemis Investment Management LLP raised its position in shares of American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after acquiring an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in shares of American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after buying an additional 3,490 shares during the period. Merit Financial Group LLC acquired a new position in shares of American International Group during the 4th quarter worth about $1,260,000. Finally, Williams & Novak LLC acquired a new position in shares of American International Group during the fourth quarter valued at approximately $279,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Down 0.2 %

Shares of American International Group stock traded down $0.14 during trading hours on Wednesday, hitting $75.32. The company's stock had a trading volume of 4,189,944 shares, compared to its average volume of 3,986,123. American International Group, Inc. has a 1-year low of $68.04 and a 1-year high of $80.83. The company has a market capitalization of $44.69 billion, a PE ratio of -36.21, a P/E/G ratio of 0.96 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $73.49 and a 200 day moving average of $74.42.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, equities analysts forecast that American International Group, Inc. will post 6.33 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. American International Group's payout ratio is -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the 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 in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on AIG shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. UBS Group decreased their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $83.94.

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.