Teacher Retirement System of Texas Buys 63,212 Shares of American International Group, Inc. $AIG

Teacher Retirement System of Texas boosted its position in American International Group, Inc. (NYSE:AIG) by 42.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,514 shares of the insurance provider’s stock after purchasing an additional 63,212 shares during the period. Teacher Retirement System of Texas’ holdings in American International Group were worth $16,691,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Vise Technologies Inc. purchased a new stake in American International Group in the 2nd quarter worth about $858,000. Jupiter Asset Management Ltd. bought a new position in American International Group during the second quarter worth about $6,127,000. Patton Fund Management Inc. purchased a new position in shares of American International Group in the second quarter worth about $232,000. Meeder Asset Management Inc. raised its position in shares of American International Group by 88.8% in the third quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock valued at $4,580,000 after purchasing an additional 27,431 shares during the period. Finally, Allstate Corp purchased a new stake in shares of American International Group during the 3rd quarter valued at approximately $1,689,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Down 0.1%

Shares of AIG stock opened at $72.23 on Friday. The company has a market capitalization of $38.97 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07. The business’s fifty day moving average is $79.12 and its 200 day moving average is $79.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32.

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 analysts’ expectations of $6.82 billion. During the same period in the previous year, the business earned $1.23 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio is 32.73%.

Analyst Ratings Changes

AIG has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Royal Bank Of Canada began coverage on American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price target for the company. The Goldman Sachs Group boosted their price objective on American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Keefe, Bruyette & Woods increased their price objective on American International Group from $91.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.42.

American International Group Company 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.