American International Group, Inc. (NYSE:AIG) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its stake in American International Group, Inc. (NYSE:AIG) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,705 shares of the insurance provider’s stock after selling 1,700 shares during the period. New Mexico Educational Retirement Board’s holdings in American International Group were worth $2,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter worth approximately $26,000. True Wealth Design LLC acquired a new stake in American International Group in the 3rd quarter worth approximately $29,000. Continuum Advisory LLC raised its position in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares during the last quarter. Fortitude Family Office LLC raised its position in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in American International Group during the 3rd quarter worth approximately $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 2.8 %

Shares of AIG opened at $74.27 on Friday. American International Group, Inc. has a 52-week low of $68.04 and a 52-week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $73.44 and its two-hundred day moving average is $74.47. The stock has a market cap of $46.33 billion, a PE ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. Research analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.15%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analysts Set New Price Targets

A number of research firms have issued reports on AIG. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. 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 research report on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average target price of $84.06.

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.