Louisiana State Employees Retirement System Has $2.45 Million Holdings in American International Group, Inc. (NYSE:AIG)

Louisiana State Employees Retirement System cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,600 shares of the insurance provider’s stock after selling 2,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American International Group were worth $2,446,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AIG. Wellington Management Group LLP raised its position in shares of American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. lifted its position in American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after acquiring an additional 722,237 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of American International Group by 5.3% during the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after acquiring an additional 457,821 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after purchasing an additional 59,180 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of American International Group by 24.7% during the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after purchasing an additional 544,110 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on AIG shares. JPMorgan Chase & Co. decreased their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.06.

American International Group Stock Performance

American International Group stock opened at $74.27 on Friday. The stock has a market cap of $46.33 billion, a PE ratio of -21.91, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $68.04 and a 12-month high of $80.83. The business’s 50-day moving average price is $73.47 and its two-hundred day moving average price is $74.49.

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 6.19% and a positive return on equity of 8.63%. As a group, analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. American International Group’s dividend payout ratio is currently -47.20%.

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.