Teacher Retirement System of Texas Sells 78,797 Shares of American International Group, Inc. $AIG

Key Points

• Teacher Retirement System of Texas sold 78,797 shares of AIG in Q4, cutting its stake by 37.1% to 133,717 shares worth about $11.44 million.
• Analysts have a consensus rating of Hold on AIG with a consensus price target of $86.76, following mixed price-target revisions from firms including Evercore, Keefe, HSBC, Bank of America and Piper Sandler.
• AIG reported quarterly EPS of $1.96 (beating estimates) while revenue missed expectations, pays a $0.45 quarterly dividend (2.4% yield), and the stock trades near $75 with a 1-year range of $71.25–$87.46.

Teacher Retirement System of Texas decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 37.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 133,717 shares of the insurance provider's stock after selling 78,797 shares during the period. Teacher Retirement System of Texas' holdings in American International Group were worth $11,439,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AIG. Brighton Jones LLC bought a new stake in American International Group in the 4th quarter valued at approximately $1,091,000. Sivia Capital Partners LLC lifted its stake in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider's stock valued at $432,000 after acquiring an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in American International Group in the 2nd quarter valued at approximately $217,000. Ieq Capital LLC lifted its stake in American International Group by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider's stock valued at $20,958,000 after acquiring an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in American International Group in the 2nd quarter valued at approximately $269,000. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore lowered their price target on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Keefe, Bruyette & Woods boosted their price target on American International Group from $96.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. HSBC lowered their price target on American International Group from $90.00 to $89.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Bank of America lowered their price target on American International Group from $80.00 to $79.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 14th. Finally, Piper Sandler lowered their price target on American International Group from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, American International Group presently has a consensus rating of "Hold" and a consensus price target of $86.76.

American International Group Stock Down 1.6%

AIG stock opened at $75.10 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $40.32 billion, a PE ratio of 13.86, a PEG ratio of 0.58 and a beta of 0.59. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. The business's 50 day simple moving average is $77.26 and its 200 day simple moving average is $78.10.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter last year, the firm posted $1.30 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 7.79 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, March 16th. American International Group's payout ratio is currently 33.21%.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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