American International Group, Inc. (NYSE:AIG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in American International Group, Inc. (NYSE:AIG) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,366,890 shares of the insurance provider’s stock after selling 73,164 shares during the quarter. California Public Employees Retirement System’s holdings in American International Group were worth $92,607,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC boosted its holdings in American International Group by 18.5% during the third quarter. CWM LLC now owns 10,740 shares of the insurance provider’s stock worth $651,000 after buying an additional 1,675 shares in the last quarter. Caprock Group LLC increased its stake in American International Group by 18.5% in the 3rd quarter. Caprock Group LLC now owns 9,619 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 1,505 shares in the last quarter. Czech National Bank raised its holdings in American International Group by 45.2% during the third quarter. Czech National Bank now owns 124,425 shares of the insurance provider’s stock worth $7,540,000 after purchasing an additional 38,747 shares during the last quarter. Handelsbanken Fonder AB boosted its position in American International Group by 1.8% during the third quarter. Handelsbanken Fonder AB now owns 144,177 shares of the insurance provider’s stock worth $8,737,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Simplicity Solutions LLC grew its holdings in American International Group by 3.8% in the third quarter. Simplicity Solutions LLC now owns 22,507 shares of the insurance provider’s stock valued at $1,364,000 after purchasing an additional 821 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity

In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American International Group news, Director John C. Inglis bought 659 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Evercore ISI increased their target price on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. TD Cowen began coverage on shares of American International Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 target price on the stock. Royal Bank of Canada boosted their price target on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, BMO Capital Markets decreased their price objective on American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $80.38.

American International Group Stock Up 0.1 %

AIG opened at $74.98 on Thursday. The company has a market cap of $51.06 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95. The firm has a 50 day moving average price of $74.52 and a 200 day moving average price of $68.81.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts expect that American International Group, Inc. will post 6.95 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 13th. American International Group’s payout ratio is 28.86%.

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.