California Public Employees Retirement System Grows Stake in American International Group, Inc. $AIG

California Public Employees Retirement System boosted its stake in American International Group, Inc. (NYSE:AIG) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,161,994 shares of the insurance provider’s stock after buying an additional 88,818 shares during the quarter. California Public Employees Retirement System owned approximately 0.22% of American International Group worth $91,263,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westfuller Advisors LLC purchased a new stake in American International Group during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp raised its holdings in shares of American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 355 shares during the last quarter. Eastern Bank lifted its position in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of American International Group in the second quarter valued at approximately $32,000. Finally, Motco boosted its stake in shares of American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 380 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AIG. Mizuho boosted their price target on American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods raised their price objective on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Evercore lowered their target price on shares of American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. Bank of America dropped their target price on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Finally, Wells Fargo & Company increased their target price on shares of American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.17.

American International Group Price Performance

NYSE:AIG opened at $76.56 on Tuesday. American International Group, Inc. has a one year low of $71.25 and a one year high of $88.07. The stock has a market cap of $41.08 billion, a PE ratio of 14.12, a P/E/G ratio of 0.59 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50 day moving average price of $76.55 and a 200 day moving average price of $78.68.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same quarter in the previous year, the company posted $1.30 earnings per share. Equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, March 16th. American International Group’s payout ratio is currently 33.21%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.