American International Group, Inc. (NYSE:AIG) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,501 shares of the insurance provider's stock after selling 7,551 shares during the period. Retirement Systems of Alabama's holdings in American International Group were worth $11,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIG. Jones Financial Companies Lllp grew its stake in shares of American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after purchasing an additional 4,468 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of American International Group by 34.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock worth $813,000 after purchasing an additional 2,874 shares during the period. Brighton Jones LLC acquired a new position in American International Group during the fourth quarter worth about $1,091,000. NBC Securities Inc. acquired a new position in American International Group during the first quarter worth about $47,000. Finally, Knights of Columbus Asset Advisors LLC grew its position in American International Group by 3.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 114,540 shares of the insurance provider's stock worth $8,339,000 after buying an additional 4,151 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AIG shares. Wells Fargo & Company upped their price target on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. Evercore ISI increased their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Jefferies Financial Group increased their price objective on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.12.

American International Group Price Performance

Shares of American International Group stock opened at $85.02 on Monday. The stock has a market capitalization of $49.00 billion, a P/E ratio of -31.96, a PEG ratio of 0.92 and a beta of 0.64. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The business's fifty day moving average price is $83.15 and its 200 day moving average price is $79.19.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the previous year, the company posted $1.25 earnings per share. As a group, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.45 per share. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

Insider Activity at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company's stock.

About American International Group

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.

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