State of Tennessee Department of Treasury Sells 87,588 Shares of American International Group, Inc. (NYSE:AIG)

State of Tennessee Department of Treasury trimmed its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,048 shares of the insurance provider's stock after selling 87,588 shares during the period. State of Tennessee Department of Treasury's holdings in American International Group were worth $13,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Duncker Streett & Co. Inc. bought a new stake in American International Group during the 4th quarter valued at approximately $25,000. Asset Planning Inc bought a new position in shares of American International Group in the 4th quarter worth about $26,000. BankPlus Trust Department bought a new stake in American International Group during the fourth quarter worth about $36,000. Whipplewood Advisors LLC purchased a new stake in American International Group in the fourth quarter worth about $40,000. Finally, Fortitude Family Office LLC increased its stake in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

AIG has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. UBS Group reduced their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. Evercore ISI increased their price target 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. Finally, Jefferies Financial Group lifted their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Nine equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $87.65.

American International Group Stock Performance

AIG traded down $1.24 during midday trading on Friday, reaching $81.21. The company had a trading volume of 2,657,550 shares, compared to its average volume of 4,465,655. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. 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 company has a market cap of $48.36 billion, a P/E ratio of -39.04, a P/E/G ratio of 1.01 and a beta of 0.63. The business has a 50-day moving average of $81.65 and a two-hundred day moving average of $77.18.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In related news, Director John G. Rice acquired 10,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is owned by insiders.

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.