New York State Common Retirement Fund Sells 68,100 Shares of American International Group, Inc. $AIG

New York State Common Retirement Fund lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 989,004 shares of the insurance provider’s stock after selling 68,100 shares during the period. New York State Common Retirement Fund’s holdings in American International Group were worth $77,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Westfuller Advisors LLC bought a new position in shares of American International Group in the third quarter worth $26,000. Eastern Bank boosted its stake in American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after buying an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group during the second quarter worth about $32,000. GFG Capital LLC purchased a new position in American International Group during the second quarter worth about $33,000. Finally, Motco increased its stake in American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 380 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

American International Group stock opened at $74.34 on Friday. The firm has a fifty day simple moving average of $78.93 and a two-hundred day simple moving average of $79.17. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The company has a market capitalization of $40.11 billion, a PE ratio of 13.52, a P/E/G ratio of 0.55 and a beta of 0.62.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the previous year, the business earned $1.23 earnings per share. Research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley dropped their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. HSBC lowered their target price on shares of American International Group from $91.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Mizuho cut their price target on shares of American International Group from $84.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Bank of America decreased their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. Finally, Evercore ISI dropped their price objective on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.42.

American International Group Profile

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.