Oregon Public Employees Retirement Fund Trims Position in American International Group, Inc. (NYSE:AIG)

Oregon Public Employees Retirement Fund trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,423 shares of the insurance provider’s stock after selling 1,720 shares during the period. Oregon Public Employees Retirement Fund’s holdings in American International Group were worth $3,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AIG. Mirae Asset Global Investments Co. Ltd. raised its holdings in American International Group by 32.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,616 shares of the insurance provider’s stock worth $2,832,000 after purchasing an additional 9,503 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in American International Group by 29.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider’s stock worth $2,977,000 after purchasing an additional 9,175 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in American International Group by 1.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 144,616 shares of the insurance provider’s stock worth $10,558,000 after purchasing an additional 2,038 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in American International Group by 54.9% during the third quarter. Nisa Investment Advisors LLC now owns 232,327 shares of the insurance provider’s stock worth $17,013,000 after purchasing an additional 82,337 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in American International Group during the third quarter worth about $265,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by company insiders.

American International Group Price Performance

Shares of AIG stock opened at $78.14 on Thursday. The firm has a market cap of $46.36 billion, a P/E ratio of -37.57, a P/E/G ratio of 1.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $80.83. The firm has a fifty day moving average of $74.13 and a two-hundred day moving average of $74.66.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share 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. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Analysts Set New Price Targets

Several research analysts recently issued reports on AIG shares. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Morgan Stanley upped their target price 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, February 14th. Finally, Wells Fargo & Company upped their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.94.

About American International Group

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.