American International Group, Inc. (NYSE:AIG) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 163,244 shares of the insurance provider's stock after purchasing an additional 30,140 shares during the quarter. Illinois Municipal Retirement Fund's holdings in American International Group were worth $14,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the fourth quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of American International Group in the fourth quarter worth about $29,000. Whipplewood Advisors LLC purchased a new stake in shares of American International Group during the 4th quarter worth about $40,000. NBC Securities Inc. acquired a new stake in shares of American International Group during the 1st quarter valued at about $47,000. Finally, Colonial Trust Co SC increased its stake in shares of American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 443 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the transaction, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

American International Group Price Performance

Shares of American International Group stock traded down $0.37 on Friday, hitting $84.60. 8,170,452 shares of the company were exchanged, compared to its average volume of 4,392,503. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of -31.80, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $83.45 and a 200 day moving average price of $79.42.

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 for the quarter, beating the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. During the same period in the previous year, the business posted $1.25 EPS. As a group, sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. 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 dividend yield of 2.13%. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Evercore ISI lifted their price target 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. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Barclays lifted their target price on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Nine equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

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.