American International Group, Inc. (AIG) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in American International Group, Inc. (NYSE:AIG) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,392,000 shares of the insurance provider’s stock after acquiring an additional 150,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.15% of American International Group worth $85,455,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AIG. Waldron LP acquired a new position in shares of American International Group during the first quarter worth about $208,000. Northside Capital Management LLC acquired a new position in shares of American International Group during the first quarter worth about $895,000. OZ Management LP acquired a new position in shares of American International Group during the first quarter worth about $13,485,000. Epoch Investment Partners Inc. boosted its position in shares of American International Group by 12.3% during the first quarter. Epoch Investment Partners Inc. now owns 4,342,201 shares of the insurance provider’s stock worth $271,084,000 after buying an additional 474,434 shares during the period. Finally, Amalgamated Bank boosted its position in shares of American International Group by 5.2% during the first quarter. Amalgamated Bank now owns 70,252 shares of the insurance provider’s stock worth $4,386,000 after buying an additional 3,483 shares during the period. Institutional investors own 83.55% of the company’s stock.

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AIG has been the subject of several recent research reports. BidaskClub cut American International Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Bank of America Corporation reduced their price target on American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $68.18.

Shares of American International Group, Inc. (NYSE AIG) traded down $0.18 on Friday, hitting $62.06. The stock had a trading volume of 4,422,200 shares, compared to its average volume of 5,944,923. American International Group, Inc. has a one year low of $57.90 and a one year high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.27 and a current ratio of 0.26. The company has a market cap of $55,951.23, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.23.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same period last year, the business earned $1.23 EPS. equities analysts expect that American International Group, Inc. will post 2.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s payout ratio is presently -51.00%.

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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