Louisiana State Employees Retirement System Purchases Shares of 42,400 American International Group, Inc. (NYSE:AIG)

Louisiana State Employees Retirement System purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 42,400 shares of the insurance provider’s stock, valued at approximately $2,873,000.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. boosted its holdings in American International Group by 1.3% in the third quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock valued at $776,000 after acquiring an additional 162 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of American International Group by 3.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock worth $292,000 after buying an additional 167 shares in the last quarter. Steph & Co. boosted its position in shares of American International Group by 3.3% during the 3rd quarter. Steph & Co. now owns 5,448 shares of the insurance provider’s stock valued at $330,000 after acquiring an additional 176 shares during the last quarter. Aspiriant LLC raised its holdings in shares of American International Group by 3.4% during the 4th quarter. Aspiriant LLC now owns 5,417 shares of the insurance provider’s stock valued at $367,000 after buying an additional 178 shares in the last quarter. Finally, BSW Wealth Partners raised its holdings in shares of American International Group by 3.4% during the 4th quarter. BSW Wealth Partners now owns 5,460 shares of the insurance provider’s stock valued at $370,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $87.00 price objective on shares of American International Group in a report on Monday, April 1st. Morgan Stanley boosted their target price on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company boosted their target price on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Royal Bank of Canada boosted their target price on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their target price 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. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target of $78.06.

American International Group Trading Down 0.9 %

American International Group stock opened at $73.05 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $73.86 and its two-hundred day simple moving average is $68.17. American International Group, Inc. has a 12 month low of $48.95 and a 12 month high of $78.95. The company has a market capitalization of $49.74 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.03.

American International Group (NYSE:AIG) last released its earnings results 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 return on equity of 10.68% and a net margin of 7.78%. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts predict that American International Group, Inc. will post 7.11 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

Insider Transactions at American International Group

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

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.