Teacher Retirement System of Texas Has $11.37 Million Position in American International Group, Inc. (NYSE:AIG)

Teacher Retirement System of Texas grew its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 72.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,822 shares of the insurance provider's stock after acquiring an additional 54,779 shares during the quarter. Teacher Retirement System of Texas' holdings in American International Group were worth $11,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC bought a new position in American International Group in the fourth quarter worth $1,091,000. Fisher Asset Management LLC boosted its stake in shares of American International Group by 8.7% in the 4th quarter. Fisher Asset Management LLC now owns 4,321 shares of the insurance provider's stock valued at $315,000 after purchasing an additional 347 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after buying an additional 4,468 shares during the period. SBI Securities Co. Ltd. bought a new stake in American International Group in the fourth quarter valued at approximately $180,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of American International Group by 34.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock worth $813,000 after acquiring an additional 2,874 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

Shares of AIG stock opened at $82.58 on Friday. The firm has a market cap of $47.59 billion, a P/E ratio of -31.04, a P/E/G ratio of 0.91 and a beta of 0.63. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The business's 50 day moving average price is $83.77 and its 200-day moving average price is $79.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period last year, the company earned $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 company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. 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 2.18%. American International Group's payout ratio is currently -67.67%.

Insider Buying and Selling at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction that occurred 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 sale, the executive vice president directly owned 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AIG. Jefferies Financial Group raised their price target on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Wells Fargo & Company upped their price target on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group increased their price target on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Morgan Stanley increased their price target on 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus 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.

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