American International Group, Inc. (NYSE:AIG) Stock Holdings Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in shares of American International Group, Inc. (NYSE:AIG) by 7.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 99,099 shares of the insurance provider’s stock after selling 7,603 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in American International Group were worth $7,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in American International Group in the first quarter worth $29,000. Valued Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 276 shares during the period. CENTRAL TRUST Co grew its position in shares of American International Group by 123.8% during the 1st quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock valued at $35,000 after buying an additional 250 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in American International Group during the fourth quarter worth about $40,000. Finally, Scarborough Advisors LLC bought a new position in American International Group in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AIG shares. Bank of America lowered their target price on American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. BMO Capital Markets upped their price objective on American International Group from $88.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Citigroup cut their target price on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Thursday, June 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Tuesday, July 9th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.50.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 1,932,609 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total value of $56,432,182.80. Following the completion of the sale, the insider now directly owns 292,271,027 shares of the company’s stock, valued at approximately $8,534,313,988.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Trading Up 1.0 %

American International Group stock opened at $77.99 on Tuesday. American International Group, Inc. has a 12-month low of $57.02 and a 12-month high of $80.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $51.76 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 2.55 and a beta of 1.08. The firm has a 50 day simple moving average of $76.10 and a 200-day simple moving average of $74.59.

American International Group (NYSE:AIG) last released its earnings results on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.11. American International Group had a return on equity of 10.54% and a net margin of 9.98%. The firm had revenue of $12.58 billion during the quarter, compared to the consensus estimate of $12.04 billion. During the same period in the prior year, the firm posted $1.63 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 6.4 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.60 annualized dividend and a yield of 2.05%. This is a boost from American International Group’s previous quarterly dividend of $0.36. American International Group’s dividend payout ratio (DPR) is currently 23.88%.

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

American International Group 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.