American International Group, Inc. $AIG Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,508 shares of the insurance provider’s stock after selling 7,529 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American International Group were worth $10,737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of American International Group during the 4th quarter worth $636,782,000. Fort Sheridan Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter worth $214,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of American International Group during the 4th quarter worth $13,645,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of American International Group during the 4th quarter worth $551,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of American International Group during the 4th quarter worth $21,400,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE:AIG opened at $73.52 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50-day moving average of $76.12 and a two-hundred day moving average of $77.55. The stock has a market cap of $38.98 billion, a P/E ratio of 12.97, a PEG ratio of 0.68 and a beta of 0.52. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the company posted $1.17 earnings per share. On average, research analysts expect that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. American International Group’s dividend payout ratio is 31.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AIG. UBS Group upped their price target on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Citigroup upped their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. BMO Capital Markets upped their price target on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Finally, Cantor Fitzgerald upped their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $88.06.

About American International Group

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.