Kentucky Retirement Systems Insurance Trust Fund Lowers Stake in American International Group, Inc. (NYSE:AIG)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 65.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,136 shares of the insurance provider's stock after selling 34,004 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in American International Group were worth $1,577,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in American International Group during the fourth quarter valued at $718,013,000. Balyasny Asset Management L.P. purchased a new stake in shares of American International Group during the 4th quarter valued at about $135,325,000. Wellington Management Group LLP lifted its stake in shares of American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in American International Group by 2,134.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock valued at $103,885,000 after buying an additional 1,363,108 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in American International Group during the fourth quarter valued at approximately $95,074,000. 90.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

American International Group Price Performance

Shares of NYSE AIG traded down $0.33 during midday trading on Tuesday, reaching $85.49. 3,150,375 shares of the stock traded hands, compared to its average volume of 4,384,927. The company's 50 day moving average is $83.24 and its 200 day moving average is $79.27. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The stock has a market capitalization of $49.27 billion, a PE ratio of -32.14, a P/E/G ratio of 0.93 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to analysts' expectations 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 last year, the company posted $1.25 EPS. On average, equities 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 business 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 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 dividend on an annualized basis and a yield of 2.11%. American International Group's dividend payout ratio is -67.67%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Barclays raised their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, 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 report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

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.