American International Group, Inc. (NYSE:AIG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,114,156 shares of the insurance provider's stock after selling 27,932 shares during the period. California State Teachers Retirement System owned about 0.19% of American International Group worth $81,111,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Capital Research Global Investors lifted its holdings in American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after acquiring an additional 482,724 shares during the period. Wellington Management Group LLP lifted its stake in shares of American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock valued at $1,951,427,000 after purchasing an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after buying an additional 461,912 shares in the last quarter. Franklin Resources Inc. boosted its holdings in American International Group by 14.0% during the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after buying an additional 1,284,354 shares in the last quarter. Finally, Norges Bank purchased a new position in American International Group in the fourth quarter valued at about $718,013,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Up 3.4 %

Shares of NYSE AIG traded up $2.71 during midday trading on Friday, hitting $83.55. The stock had a trading volume of 5,783,241 shares, compared to its average volume of 4,468,082. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The company has a market capitalization of $49.75 billion, a price-to-earnings ratio of -40.17, a PEG ratio of 1.01 and a beta of 0.63. The company has a fifty day moving average price of $82.04 and a 200 day moving average price of $77.32.

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

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.45 dividend. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio is presently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated 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 completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AIG has been the subject of several research analyst reports. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. UBS Group cut their price target on 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. Evercore ISI boosted their price objective on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley boosted their price target on American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, American International Group presently has a consensus rating of "Moderate Buy" and an average target price of $87.71.

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.