Public Employees Retirement Association of Colorado Lowers Position in American International Group, Inc. (NYSE:AIG)

Public Employees Retirement Association of Colorado decreased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,091 shares of the insurance provider's stock after selling 12,396 shares during the period. Public Employees Retirement Association of Colorado's holdings in American International Group were worth $5,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Quarry LP grew its position in shares of American International Group by 282.4% during the 4th quarter. Quarry LP now owns 6,689 shares of the insurance provider's stock worth $487,000 after buying an additional 4,940 shares during the period. Bolthouse Investments LLC acquired a new stake in American International Group in the fourth quarter worth $804,000. Boothbay Fund Management LLC increased its stake in American International Group by 89.7% in the fourth quarter. Boothbay Fund Management LLC now owns 12,837 shares of the insurance provider's stock valued at $935,000 after purchasing an additional 6,069 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in American International Group by 6.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 188,416 shares of the insurance provider's stock valued at $13,717,000 after purchasing an additional 10,689 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of American International Group by 0.7% during the fourth quarter. Voya Investment Management LLC now owns 291,885 shares of the insurance provider's stock valued at $21,249,000 after purchasing an additional 2,113 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Insider Activity at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AIG shares. Evercore ISI boosted their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. The Goldman Sachs Group upped their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Morgan Stanley lifted their price target on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Finally, Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, American International Group currently has a consensus rating of "Moderate Buy" and an average price target of $87.71.

American International Group Stock Performance

Shares of AIG traded up $2.71 on Friday, reaching $83.55. 5,783,241 shares of the company's stock traded hands, compared to its average volume of 4,459,058. The stock's 50 day simple moving average is $82.13 and its two-hundred day simple moving average is $77.35. The stock has a market cap of $49.75 billion, a PE ratio of -40.17, a PEG ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the company posted $1.25 earnings per share. On average, analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.15%. American International Group's dividend payout ratio is -67.67%.

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.