Teachers Retirement System of The State of Kentucky Has $34.92 Million Holdings in American International Group, Inc. (NYSE:AIG)

Teachers Retirement System of The State of Kentucky raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 10.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 401,646 shares of the insurance provider's stock after acquiring an additional 36,851 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.07% of American International Group worth $34,919,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AIG. Wealth Enhancement Advisory Services LLC raised its stake in shares of American International Group by 175.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock worth $15,807,000 after buying an additional 115,706 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock worth $1,445,000 after buying an additional 355 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of American International Group by 18.6% during the 1st quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock worth $1,146,000 after buying an additional 2,069 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of American International Group during the 4th quarter worth $1,091,000. Finally, NBC Securities Inc. acquired a new position in shares of American International Group during the 1st quarter worth $47,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AIG shares. Keefe, Bruyette & Woods boosted their target price 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. Evercore ISI boosted their target price on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. 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. Barclays lifted their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average target price of $88.12.

American International Group Stock Up 0.7%

American International Group stock traded up $0.60 during midday trading on Tuesday, hitting $81.38. 1,784,958 shares of the company were exchanged, compared to its average volume of 4,351,989. The company's fifty day moving average price is $83.73 and its 200-day moving average price is $80.65. The company has a market cap of $46.90 billion, a PE ratio of -30.61, a price-to-earnings-growth ratio of 0.89 and a beta of 0.63. 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, 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 results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping 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 positive return on equity of 7.13% and a negative net margin of 7.05%. During the same period in the previous year, the company posted $1.25 EPS. On average, research analysts predict that American International Group, Inc. will post 6.24 EPS 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 given 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 dividend yield of 2.21%. The ex-dividend date was Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

Insider Activity

In related news, EVP Christopher Flatt sold 46,182 shares of the company's 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 directly owned 21,400 shares in the company, valued at $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.