Illinois Municipal Retirement Fund Sells 13,717 Shares of American International Group, Inc. (NYSE:AIG)

Illinois Municipal Retirement Fund lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 133,104 shares of the insurance provider’s stock after selling 13,717 shares during the period. Illinois Municipal Retirement Fund’s holdings in American International Group were worth $9,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Mirae Asset Global Investments Co. Ltd. increased its stake in American International Group by 32.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,616 shares of the insurance provider’s stock valued at $2,832,000 after purchasing an additional 9,503 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in American International Group by 29.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider’s stock valued at $2,977,000 after purchasing an additional 9,175 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of American International Group by 1.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 144,616 shares of the insurance provider’s stock worth $10,558,000 after acquiring an additional 2,038 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of American International Group by 54.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 232,327 shares of the insurance provider’s stock worth $17,013,000 after acquiring an additional 82,337 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in shares of American International Group in the 3rd quarter worth $265,000. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.94.

American International Group Price Performance

NYSE AIG opened at $79.00 on Wednesday. The company has a market cap of $46.88 billion, a PE ratio of -37.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $80.83. 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 firm’s 50-day simple moving average is $73.97 and its two-hundred day simple moving average is $74.63.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

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.