New York State Common Retirement Fund Has $98.60 Million Position in American International Group, Inc. (NYSE:AIG)

New York State Common Retirement Fund boosted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,134,104 shares of the insurance provider's stock after purchasing an additional 7,700 shares during the period. New York State Common Retirement Fund owned about 0.19% of American International Group worth $98,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AIG. Brighton Jones LLC purchased a new stake in American International Group during the 4th quarter worth $1,091,000. Proficio Capital Partners LLC increased its stake in American International Group by 35.9% during the 4th quarter. Proficio Capital Partners LLC now owns 9,481 shares of the insurance provider's stock worth $690,000 after buying an additional 2,503 shares during the period. HighTower Advisors LLC increased its stake in American International Group by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 93,599 shares of the insurance provider's stock worth $6,814,000 after buying an additional 720 shares during the period. Sequoia Financial Advisors LLC increased its stake in American International Group by 7.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 21,770 shares of the insurance provider's stock worth $1,585,000 after buying an additional 1,434 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of American International Group by 10.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,876 shares of the insurance provider's stock worth $209,000 after purchasing an additional 280 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm's 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 completion of the sale, the executive vice president owned 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

American International Group Stock Performance

NYSE AIG traded down $0.84 during midday trading on Thursday, hitting $80.15. The company had a trading volume of 895,166 shares, compared to its average volume of 4,369,664. 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 stock has a market cap of $46.19 billion, a price-to-earnings ratio of -30.13, a P/E/G ratio of 0.89 and a beta of 0.63. The firm has a fifty day simple moving average of $83.77 and a two-hundred day simple moving average of $80.43. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last released 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. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period last year, the firm earned $1.25 EPS. Equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.45 per share. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AIG shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Morgan Stanley boosted 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 research report on Monday, May 19th. Keefe, Bruyette & Woods boosted their price objective on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Barclays boosted 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 note on Friday, May 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Nine 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.