American International Group, Inc. (NYSE:AIG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,126,404 shares of the insurance provider's stock after selling 71,706 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of American International Group worth $82,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Asset Planning Inc bought a new stake in shares of American International Group in the 4th quarter worth about $26,000. True Wealth Design LLC bought a new position in American International Group in the 3rd quarter worth about $29,000. Continuum Advisory LLC grew its stake in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Fortitude Family Office LLC grew its stake in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group during the third quarter valued at approximately $46,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

Shares of NYSE AIG traded up $0.47 during midday trading on Friday, reaching $76.72. The company had a trading volume of 5,936,218 shares, compared to its average volume of 3,709,612. The business's 50-day simple moving average is $73.68 and its 200 day simple moving average is $74.51. The stock has a market cap of $45.52 billion, a P/E ratio of -36.88, a P/E/G ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a 1 year low of $68.65 and a 1 year high of $80.83. The company has a current ratio of 0.67, a quick 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 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%. On average, analysts forecast 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 will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 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, with a total value of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AIG shares. UBS Group dropped their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods increased their target price on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.