Louisiana State Employees Retirement System Has $2.45 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Louisiana State Employees Retirement System lessened its holdings in American International Group, Inc. (NYSE:AIG) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,600 shares of the insurance provider’s stock after selling 2,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American International Group were worth $2,446,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AIG. True Wealth Design LLC acquired a new stake in American International Group during the 3rd quarter worth $29,000. Fortitude Family Office LLC grew its stake in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC increased its holdings in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in American International Group in the third quarter valued at about $46,000. Finally, NBC Securities Inc. boosted its holdings in American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after buying an additional 476 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $74.27 on Friday. The stock has a market capitalization of $46.33 billion, a price-to-earnings ratio of -21.91, a PEG ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a 12 month low of $68.04 and a 12 month high of $80.83. The firm has a fifty day simple moving average of $73.47 and a 200 day simple moving average of $74.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. Research analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is currently -47.20%.

Analysts Set New Price Targets

AIG has been the topic of a number of analyst reports. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.06.

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.