Teacher Retirement System of Texas Buys 59,113 Shares of American International Group, Inc. (NYSE:AIG)

Teacher Retirement System of Texas grew its position in shares of American International Group, Inc. (NYSE:AIG) by 349.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 76,043 shares of the insurance provider’s stock after purchasing an additional 59,113 shares during the quarter. Teacher Retirement System of Texas’ holdings in American International Group were worth $5,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AIG. Commerce Bank grew its position in American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 172 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of American International Group by 73.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 6,208 shares of the insurance provider’s stock worth $455,000 after buying an additional 2,633 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of American International Group by 108.4% in the third quarter. Pacer Advisors Inc. now owns 101,134 shares of the insurance provider’s stock valued at $7,406,000 after acquiring an additional 52,614 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of American International Group by 3.7% during the third quarter. Great Valley Advisor Group Inc. now owns 5,758 shares of the insurance provider’s stock valued at $422,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in American International Group by 40.5% in the third quarter. Cerity Partners LLC now owns 165,676 shares of the insurance provider’s stock worth $12,132,000 after purchasing an additional 47,722 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In related news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Down 0.8 %

AIG stock opened at $83.03 on Monday. The stock has a 50-day simple moving average of $77.45 and a two-hundred day simple moving average of $75.55. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $84.99. The firm has a market capitalization of $49.27 billion, a PE ratio of -39.92, a PEG ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. American International Group’s payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AIG. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. BMO Capital Markets lifted their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Morgan Stanley increased their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.31.

American International Group Company 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.