American International Group, Inc. $AIG Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in American International Group, Inc. (NYSE:AIG) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,085,798 shares of the insurance provider’s stock after selling 40,760 shares during the quarter. California Public Employees Retirement System owned about 0.20% of American International Group worth $81,706,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Modus Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter worth $27,000. Navalign LLC acquired a new stake in American International Group during the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new stake in American International Group during the 4th quarter worth about $29,000. SHP Wealth Management purchased a new stake in shares of American International Group in the fourth quarter worth about $34,000. Finally, CENTRAL TRUST Co grew its holdings in American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the topic of a number of analyst reports. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group increased their price objective on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their target price on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Morgan Stanley cut their target price on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Citigroup boosted their price objective on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.00.

American International Group Stock Performance

American International Group stock opened at $80.43 on Monday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $76.42 and a 200 day moving average price of $76.65. The firm has a market capitalization of $42.65 billion, a P/E ratio of 14.19, a PEG ratio of 0.74 and a beta of 0.53.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter last year, the business earned $1.17 EPS. Equities research analysts anticipate that American International Group, Inc. will post 8 earnings per share for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

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.