American International Group, Inc. (NYSE:AIG) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in American International Group, Inc. (NYSE:AIG) by 0.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 154,118 shares of the insurance provider’s stock after buying an additional 380 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American International Group were worth $12,047,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rise Advisors LLC acquired a new position in American International Group during the 1st quarter worth about $29,000. Valued Wealth Advisors LLC raised its position in American International Group by 303.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 276 shares in the last quarter. CENTRAL TRUST Co raised its position in American International Group by 123.8% in the 1st quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in American International Group in the 4th quarter valued at about $40,000. Finally, Scarborough Advisors LLC acquired a new stake in American International Group in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 30,000,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $29.20, for a total transaction of $876,000,000.00. Following the transaction, the insider now owns 294,203,636 shares of the company’s stock, valued at approximately $8,590,746,171.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Up 0.5 %

Shares of AIG traded up $0.36 during midday trading on Wednesday, reaching $78.65. 3,661,773 shares of the company were exchanged, compared to its average volume of 4,124,338. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.05. American International Group, Inc. has a 1-year low of $57.02 and a 1-year high of $80.83. The stock has a 50-day moving average price of $76.60 and a 200-day moving average price of $74.05. The company has a market cap of $52.20 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 2.34 and a beta of 1.08.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. The firm had revenue of $12.58 billion during the quarter, compared to the consensus estimate of $12.04 billion. American International Group had a return on equity of 10.54% and a net margin of 9.98%. During the same quarter in the prior year, the business posted $1.63 earnings per share. Research analysts expect that American International Group, Inc. will post 7.01 earnings per share for the current year.

American International Group announced that its board has approved a stock repurchase plan on Wednesday, May 1st that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 19.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.40 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. This is an increase from American International Group’s previous quarterly dividend of $0.36. American International Group’s dividend payout ratio is currently 23.88%.

Analysts Set New Price Targets

AIG has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on American International Group from $80.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. HSBC downgraded American International Group from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Wednesday, May 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Tuesday, July 9th. Bank of America dropped their price target on American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Wells Fargo & Company lifted their price objective on American International Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average target price of $82.50.

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.