American International Group, Inc. (AIG) Holdings Trimmed by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,770,143 shares of the insurance provider’s stock after selling 322,932 shares during the period. California State Teachers Retirement System owned about 0.20% of American International Group worth $110,669,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Israel Discount Bank of New York acquired a new position in American International Group during the 1st quarter worth $145,000. Peddock Capital Advisors LLC boosted its holdings in shares of American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after buying an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the period. Finally, Signaturefd LLC acquired a new position in shares of American International Group in the 1st quarter valued at about $202,000. 83.98% of the stock is owned by institutional investors.

Several research analysts have recently commented on AIG shares. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation decreased their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Wednesday, July 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Friday. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.35.

Shares of American International Group, Inc. (NYSE AIG) traded down 0.49% during mid-day trading on Tuesday, reaching $61.48. 1,506,957 shares of the company traded hands. The stock’s 50 day moving average is $60.64 and its 200 day moving average is $62.20. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The stock’s market capitalization is $55.54 billion.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, analysts anticipate that American International Group, Inc. will post $4.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio is currently -711.07%.

ILLEGAL ACTIVITY WARNING: “American International Group, Inc. (AIG) Holdings Trimmed by California State Teachers Retirement System” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another

Other hedge funds also recently made changes to their positions in the company. Israel Discount Bank of New York acquired a new position in American International Group during the 1st quarter worth $145,000. Peddock Capital Advisors LLC boosted its holdings in shares of American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of American International Group by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after buying an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the period. Finally, Signaturefd LLC acquired a new position in shares of American International Group in the 1st quarter valued at about $202,000. 83.98% of the stock is owned by institutional investors.

Several research analysts have recently commented on AIG shares. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation decreased their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Wednesday, July 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Friday. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.35.

Shares of American International Group, Inc. (NYSE AIG) traded down 0.49% during mid-day trading on Tuesday, reaching $61.48. 1,506,957 shares of the company traded hands. The stock’s 50 day moving average is $60.64 and its 200 day moving average is $62.20. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The stock’s market capitalization is $55.54 billion.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, analysts anticipate that American International Group, Inc. will post $4.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio is currently -711.07%.

ILLEGAL ACTIVITY WARNING: “American International Group, Inc. (AIG) Holdings Trimmed by California State Teachers Retirement System” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/10/american-international-group-inc-aig-holdings-trimmed-by-california-state-teachers-retirement-system.html.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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