American International Group, Inc. (NYSE:AIG) Holdings Cut by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its stake in American International Group, Inc. (NYSE:AIG) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,252 shares of the insurance provider’s stock after selling 609 shares during the period. Kentucky Retirement Systems’ holdings in American International Group were worth $3,222,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after buying an additional 722,237 shares during the period. Franklin Resources Inc. lifted its stake in American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after buying an additional 457,821 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after acquiring an additional 59,180 shares during the period. Finally, Barclays PLC grew its position in shares of American International Group by 24.7% during the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after acquiring an additional 544,110 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

NYSE:AIG opened at $76.72 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $73.68 and its 200 day moving average price is $74.49. American International Group, Inc. has a 52-week low of $68.65 and a 52-week high of $80.83. The firm has a market cap of $45.52 billion, a P/E ratio of -36.88, a PEG ratio of 0.98 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts predict that American International Group, Inc. will post 6.32 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is presently -76.92%.

Analyst Ratings Changes

AIG has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Morgan Stanley lifted their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Finally, UBS Group reduced their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and an average target price of $83.94.

Insider Buying and Selling

In other news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

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.