New York State Common Retirement Fund Lowers Stock Holdings in American International Group, Inc. (NYSE:AIG)

New York State Common Retirement Fund lessened its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,491,295 shares of the insurance provider's stock after selling 202,108 shares during the quarter. New York State Common Retirement Fund owned approximately 0.21% of American International Group worth $101,035,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. OFI Invest Asset Management purchased a new position in American International Group in the 3rd quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in American International Group in the 3rd quarter valued at approximately $32,000. CNB Bank purchased a new position in shares of American International Group during the 3rd quarter valued at $42,000. SouthState Corp grew its position in shares of American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider's stock valued at $45,000 after purchasing an additional 217 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider's stock valued at $53,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Insider Activity

In other news, CEO Peter Zaffino sold 333,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares of the company's stock, valued at $38,346,215.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares of the company's stock, valued at $38,346,215.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Inglis purchased 659 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares of the company's stock, valued at $49,682.01. The disclosure for this purchase can be found here. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AIG. Evercore ISI boosted their price target on shares of American International Group from $74.00 to $80.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price target on shares of American International Group from $73.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Wells Fargo & Company boosted their price target on shares of American International Group from $74.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. Citigroup upped their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets cut their target price on shares of American International Group from $83.00 to $81.00 and set an "outperform" rating for the company in a research report on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.38.

American International Group Trading Down 0.0 %

American International Group stock traded down $0.03 during mid-day trading on Tuesday, hitting $74.93. The company's stock had a trading volume of 3,010,643 shares, compared to its average volume of 3,953,896. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $51.02 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The business has a 50 day moving average price of $74.31 and a 200-day moving average price of $68.66. American International Group, Inc. has a 12 month low of $48.95 and a 12 month high of $78.95.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. As a group, analysts forecast that American International Group, Inc. will post 6.95 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 13th. American International Group's dividend payout ratio (DPR) is 28.86%.

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.