State of Tennessee Department of Treasury Decreases Position in American International Group, Inc. (NYSE:AIG)

State of Tennessee Department of Treasury cut its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,048 shares of the insurance provider's stock after selling 87,588 shares during the period. State of Tennessee Department of Treasury's holdings in American International Group were worth $13,399,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its position in shares of American International Group by 44.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 89,514 shares of the insurance provider's stock valued at $6,517,000 after acquiring an additional 27,712 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in American International Group by 68.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 44,090 shares of the insurance provider's stock valued at $3,210,000 after purchasing an additional 17,852 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of American International Group by 9.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 364,795 shares of the insurance provider's stock worth $26,557,000 after buying an additional 31,891 shares in the last quarter. Norinchukin Bank The grew its stake in shares of American International Group by 9.5% in the 4th quarter. Norinchukin Bank The now owns 30,059 shares of the insurance provider's stock worth $2,188,000 after buying an additional 2,614 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of American International Group in the 4th quarter worth about $1,899,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Up 0.8 %

NYSE AIG traded up $0.63 on Monday, reaching $81.85. 1,028,771 shares of the stock traded hands, compared to its average volume of 4,449,962. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The company has a market cap of $48.74 billion, a price-to-earnings ratio of -39.32, a PEG ratio of 1.01 and a beta of 0.63. The company has a fifty day moving average price of $81.65 and a 200-day moving average price of $77.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio (DPR) is -76.92%.

Analysts Set New Price Targets

Several research analysts recently commented on AIG shares. BMO Capital Markets lifted their price target on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. Jefferies Financial Group lifted their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Morgan Stanley increased their price target on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Barclays dropped their price objective on shares of American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Nine equities 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. Based on data from MarketBeat, American International Group has an average rating of "Moderate Buy" and an average target price of $87.65.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.