American International Group, Inc. (AIG) Stake Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 37.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 869,699 shares of the insurance provider’s stock after acquiring an additional 238,212 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of American International Group worth $53,391,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AIG. Peddock Capital Advisors LLC increased its stake in shares of American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 1,271 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of American International Group during the third quarter worth about $200,000. Linscomb & Williams Inc. acquired a new position in shares of American International Group during the second quarter worth about $204,000. Finally, Crow Point Partners LLC acquired a new position in shares of American International Group during the second quarter worth about $213,000. Institutional investors and hedge funds own 83.52% of the company’s stock.

AIG has been the topic of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $73.00 target price on shares of American International Group in a research report on Wednesday, September 6th. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Thursday, August 3rd. Wells Fargo & Company restated a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Sunday, October 1st. Finally, Bank of America Corporation lowered their target price on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $68.18.

American International Group, Inc. (NYSE:AIG) traded down $0.06 during trading hours on Monday, reaching $62.00. 3,222,650 shares of the company’s stock were exchanged, compared to its average volume of 5,944,923. American International Group, Inc. has a 12 month low of $57.90 and a 12 month high of $67.47. The stock has a market capitalization of $55,789.42, a P/E ratio of 24.73, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. During the same period in the previous year, the company earned $1.23 EPS. research analysts anticipate that American International Group, Inc. will post 2.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is currently -51.00%.

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About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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