Louisiana State Employees Retirement System Takes Position in American International Group, Inc. $AIG

Louisiana State Employees Retirement System acquired a new position in American International Group, Inc. (NYSE:AIG) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,300 shares of the insurance provider’s stock, valued at approximately $2,054,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Modus Advisors LLC acquired a new stake in American International Group during the 4th quarter worth about $27,000. Navalign LLC acquired a new position in shares of American International Group in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of American International Group in the fourth quarter worth about $29,000. SHP Wealth Management purchased a new stake in shares of American International Group in the fourth quarter worth about $34,000. Finally, CENTRAL TRUST Co grew its holdings in American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 151 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of AIG stock opened at $74.66 on Wednesday. The company has a market capitalization of $39.59 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.69 and a beta of 0.52. The business’s 50 day moving average is $75.64 and its two-hundred day moving average is $77.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period last year, the company earned $1.17 earnings per share. Analysts expect that American International Group, Inc. will post 7.98 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is presently 35.27%.

Wall Street Analysts Forecast Growth

AIG has been the subject of several recent research reports. BMO Capital Markets lifted their price target on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. HSBC raised their price objective on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Cantor Fitzgerald lifted their target price on shares of American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Weiss Ratings cut shares of American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Finally, Barclays increased their price target on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.78.

American International Group 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.