New York State Teachers Retirement System Has $35.49 Million Stock Position in American International Group, Inc. $AIG

New York State Teachers Retirement System lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 12.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 451,920 shares of the insurance provider’s stock after selling 62,058 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of American International Group worth $35,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Vise Technologies Inc. bought a new stake in shares of American International Group in the second quarter valued at approximately $858,000. Jupiter Asset Management Ltd. bought a new position in American International Group during the second quarter worth $6,127,000. Patton Fund Management Inc. acquired a new position in American International Group during the 2nd quarter valued at $232,000. Allworth Financial LP boosted its holdings in American International Group by 132.6% in the 2nd quarter. Allworth Financial LP now owns 12,457 shares of the insurance provider’s stock valued at $1,066,000 after purchasing an additional 7,101 shares during the period. Finally, Callan Family Office LLC grew its position in American International Group by 303.4% in the 2nd quarter. Callan Family Office LLC now owns 24,782 shares of the insurance provider’s stock worth $2,121,000 after purchasing an additional 18,639 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods raised their price objective on American International Group from $91.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group decreased their price objective on American International Group from $84.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Finally, Morgan Stanley lowered their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus price target of $89.17.

American International Group Stock Down 3.1%

NYSE AIG opened at $75.50 on Monday. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The company has a market capitalization of $40.74 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.72 and a beta of 0.62. The stock’s 50 day moving average is $80.09 and its two-hundred day moving average is $80.14. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

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

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 16th. American International Group’s payout ratio is currently 32.73%.

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.