Kentucky Retirement Systems Has $3.22 Million Holdings in American International Group, Inc. (NYSE:AIG)

Kentucky Retirement Systems decreased its holdings in American International Group, Inc. (NYSE:AIG) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,252 shares of the insurance provider’s stock after selling 609 shares during the period. Kentucky Retirement Systems’ holdings in American International Group were worth $3,222,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Asset Planning Inc acquired a new position in American International Group in the 4th quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at $29,000. Fortitude Family Office LLC grew its holdings in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group during the third quarter worth $46,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

American International Group Stock Up 0.6 %

American International Group stock opened at $76.72 on Friday. The firm has a market cap of $45.52 billion, a price-to-earnings ratio of -36.88, a P/E/G ratio of 0.98 and a beta of 1.05. The firm has a fifty day moving average price of $73.68 and a two-hundred day moving average price of $74.49. American International Group, Inc. has a fifty-two week low of $68.65 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts forecast that American International Group, Inc. will post 6.32 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. American International Group’s dividend payout ratio is -76.92%.

Analysts Set New Price Targets

AIG has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.94.

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.