American International Group, Inc. $AIG Stock Position Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in American International Group, Inc. (NYSE:AIG) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,669 shares of the insurance provider’s stock after selling 3,832 shares during the quarter. Retirement Systems of Alabama’s holdings in American International Group were worth $10,585,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AIG. Brighton Jones LLC acquired a new position in American International Group in the 4th quarter valued at approximately $1,091,000. DAVENPORT & Co LLC increased its stake in American International Group by 4.2% in the 1st quarter. DAVENPORT & Co LLC now owns 8,060 shares of the insurance provider’s stock valued at $701,000 after buying an additional 328 shares during the period. Mutual Advisors LLC acquired a new position in American International Group in the 1st quarter valued at approximately $249,000. OneDigital Investment Advisors LLC increased its stake in American International Group by 78.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,609 shares of the insurance provider’s stock valued at $488,000 after buying an additional 2,458 shares during the period. Finally, World Investment Advisors increased its stake in American International Group by 61.0% in the 1st quarter. World Investment Advisors now owns 9,315 shares of the insurance provider’s stock valued at $810,000 after buying an additional 3,528 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $79.02 on Monday. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The firm’s fifty day simple moving average is $79.56 and its 200 day simple moving average is $81.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $43.78 billion, a PE ratio of 14.97, a PEG ratio of 0.77 and a beta of 0.68.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the business posted $1.16 EPS. On average, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is presently 34.09%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AIG. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a research note on Wednesday, October 8th. Jefferies Financial Group increased their price target on shares of American International Group from $96.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Bank of America increased their price target on shares of American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Finally, UBS Group increased their price target on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.81.

About American International Group

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.