Kentucky Retirement Systems Insurance Trust Fund Increases Holdings in American International Group, Inc. (NYSE:AIG)

Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 173.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,140 shares of the insurance provider's stock after purchasing an additional 33,074 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in American International Group were worth $3,796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AIG. Wellington Management Group LLP boosted its position in shares of American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares in the last quarter. Prana Capital Management LP raised its stake in American International Group by 280.5% during the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider's stock worth $138,264,000 after buying an additional 1,391,859 shares during the period. Swedbank AB raised its stake in American International Group by 70.6% during the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock worth $154,896,000 after buying an additional 880,625 shares during the period. Diamond Hill Capital Management Inc. raised its stake in American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after buying an additional 722,237 shares during the period. Finally, Barclays PLC raised its stake in American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after buying an additional 544,110 shares during the period. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of AIG stock traded up $0.47 during trading on Friday, hitting $76.72. The company's stock had a trading volume of 5,936,218 shares, compared to its average volume of 4,074,586. The company has a market cap of $45.52 billion, a PE ratio of -36.88, a P/E/G ratio of 0.98 and a beta of 1.05. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $73.68 and a 200-day moving average of $74.49. American International Group, Inc. has a 52 week low of $68.65 and a 52 week high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its 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, research analysts anticipate that American International Group, Inc. will post 6.32 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Monday, March 17th. American International Group's dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value 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. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on AIG. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods upped their price target on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $83.94.

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.