South Dakota Investment Council Reduces Stock Position in American International Group, Inc. (NYSE:AIG)

South Dakota Investment Council lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,675 shares of the insurance provider’s stock after selling 6,600 shares during the period. South Dakota Investment Council’s holdings in American International Group were worth $10,953,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AIG. Meeder Advisory Services Inc. raised its position in American International Group by 1.3% during the third quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock valued at $776,000 after purchasing an additional 162 shares in the last quarter. Avantax Advisory Services Inc. raised its position in American International Group by 3.6% during the third quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 167 shares in the last quarter. Steph & Co. grew its stake in shares of American International Group by 3.3% during the third quarter. Steph & Co. now owns 5,448 shares of the insurance provider’s stock valued at $330,000 after buying an additional 176 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of American International Group by 2.7% during the fourth quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock valued at $458,000 after buying an additional 176 shares during the last quarter. Finally, Aspiriant LLC grew its stake in shares of American International Group by 3.4% during the fourth quarter. Aspiriant LLC now owns 5,417 shares of the insurance provider’s stock valued at $367,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.1 %

AIG traded up $0.07 on Wednesday, hitting $75.00. The company had a trading volume of 1,684,892 shares, compared to its average volume of 3,923,830. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. American International Group, Inc. has a 52-week low of $48.95 and a 52-week high of $78.95. The stock has a fifty day simple moving average of $74.41 and a 200-day simple moving average of $68.76. The firm has a market capitalization of $51.07 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.08 and a beta of 1.03.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the business posted $1.36 earnings per share. American International Group’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts expect that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.92%. American International Group’s payout ratio is 28.86%.

Insider Activity

In other news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John C. Inglis acquired 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase can be found here. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Evercore ISI raised their price objective on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods raised their price objective on American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Citigroup raised their price objective on American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley raised their target price on American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.38.

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.