Teachers Retirement System of The State of Kentucky Buys 36,851 Shares of American International Group, Inc. (NYSE:AIG)

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

A number of other institutional investors have also bought and sold shares of the business. Ameriflex Group Inc. purchased a new stake in American International Group in the 4th quarter worth about $29,000. Sachetta LLC raised its position in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after purchasing an additional 249 shares during the period. NBC Securities Inc. purchased a new stake in American International Group in the 1st quarter worth about $47,000. Colonial Trust Co SC grew its stake in American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after acquiring an additional 443 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in American International Group by 159.6% in the 4th quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock worth $76,000 after acquiring an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was 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 of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Down 2.7%

NYSE AIG traded down $2.20 during trading on Wednesday, reaching $79.22. The company's stock had a trading volume of 2,795,743 shares, compared to its average volume of 4,348,581. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $45.66 billion, a PE ratio of -29.80, a PEG ratio of 0.89 and a beta of 0.63. The business has a 50-day moving average price of $83.73 and a 200-day moving average price of $80.65. 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 announced its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The business 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 7.05% and a positive return on equity of 7.13%. During the same quarter in the previous year, the firm posted $1.25 earnings per share. On average, research 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.27%. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Morgan Stanley boosted their price target on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods lifted their target price on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 price objective (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.12.

American International Group 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.