American International Group, Inc. $AIG Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its holdings in American International Group, Inc. (NYSE:AIG) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,688 shares of the insurance provider’s stock after selling 12,312 shares during the quarter. TD Asset Management Inc’s holdings in American International Group were worth $24,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GQG Partners LLC lifted its position in American International Group by 33,315.0% in the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after acquiring an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp increased its stake in American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock valued at $974,840,000 after buying an additional 1,901,998 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after acquiring an additional 1,694,290 shares during the period. Nuveen LLC purchased a new position in shares of American International Group during the 1st quarter worth approximately $440,273,000. Finally, AQR Capital Management LLC raised its position in American International Group by 184.4% in the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of American International Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Evercore ISI boosted their target price on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Finally, UBS Group upped their price target on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average price target of $89.81.

American International Group Trading Up 0.4%

NYSE:AIG opened at $77.30 on Friday. The stock has a market cap of $42.82 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The business’s 50-day simple moving average is $80.00 and its 200 day simple moving average is $81.50. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the previous year, the firm earned $1.16 earnings per share. As a group, sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is presently 34.09%.

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.