Louisiana State Employees Retirement System Purchases New Holdings in American International Group, Inc. $AIG

Louisiana State Employees Retirement System acquired a new position in American International Group, Inc. (NYSE:AIG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 27,300 shares of the insurance provider’s stock, valued at approximately $2,054,000.

Other large investors also recently bought and sold shares of the company. Capital Research Global Investors raised its holdings in shares of American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after acquiring an additional 12,645,616 shares during the last quarter. Wellington Management Group LLP increased its position in shares of American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after purchasing an additional 1,899,203 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in American International Group by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after purchasing an additional 4,661,246 shares during the last quarter. Franklin Resources Inc. raised its stake in American International Group by 36.9% in the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after purchasing an additional 4,210,363 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after purchasing an additional 1,846,979 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. HSBC upped their target price on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. The Goldman Sachs Group lowered their price target on shares of American International Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Cantor Fitzgerald upped their price objective on shares of American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Morgan Stanley decreased their target price on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $87.78.

American International Group Stock Down 0.6%

NYSE AIG opened at $74.66 on Wednesday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $75.64 and its 200-day simple moving average is $77.26. The firm has a market cap of $39.59 billion, a PE ratio of 13.17, a P/E/G ratio of 0.69 and a beta of 0.52.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 7.98 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

About American International Group

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.