Public Employees Retirement System of Ohio Purchases New Stake in American International Group, Inc. (NYSE:AIG)

Public Employees Retirement System of Ohio acquired a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 305,731 shares of the insurance provider's stock, valued at approximately $22,257,000.

A number of other hedge funds have also made changes to their positions in AIG. Norges Bank acquired a new stake in shares of American International Group during the fourth quarter worth approximately $718,013,000. Balyasny Asset Management L.P. acquired a new position in American International Group in the fourth quarter worth $135,325,000. Wellington Management Group LLP boosted its holdings in 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 worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in American International Group by 2,134.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock worth $103,885,000 after purchasing an additional 1,363,108 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in American International Group in the fourth quarter worth $95,074,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Down 0.5%

Shares of AIG traded down $0.45 during trading hours on Wednesday, reaching $82.72. The company's stock had a trading volume of 3,287,501 shares, compared to its average volume of 4,420,866. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $47.67 billion, a price-to-earnings ratio of -39.77, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a 50 day moving average of $82.45 and a two-hundred day moving average of $78.06. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data 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 firm 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 4.25% and a positive return on equity of 8.01%. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal 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 paid 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 yield of 2.18%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

Insiders Place Their Bets

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 transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president now directly owns 21,400 shares in the company, valued at $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

AIG has been the subject of several analyst reports. UBS Group reduced their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Morgan Stanley boosted 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 report on Monday, May 19th. The Goldman Sachs Group boosted their price target on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. BMO Capital Markets lifted their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lifted 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 note on Thursday, May 8th. 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's stock. Based on data from MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and a consensus 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.