Toronto Dominion Bank Purchases 21,557 Shares of American International Group, Inc. (AIG)
Toronto Dominion Bank increased its position in American International Group, Inc. (NYSE:AIG) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 372,362 shares of the insurance provider’s stock after acquiring an additional 21,557 shares during the quarter. Toronto Dominion Bank’s holdings in American International Group were worth $22,861,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Peddock Capital Advisors LLC increased its holdings in 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 worth $159,000 after acquiring an additional 1,271 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in 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 worth $192,000 after acquiring an additional 716 shares during the last quarter. First Capital Advisors Group LLC. purchased a new stake in American International Group in the 3rd quarter worth about $200,000. Linscomb & Williams Inc. purchased a new stake in American International Group in the 2nd quarter worth about $204,000. Finally, Crow Point Partners LLC purchased a new stake in American International Group in the 2nd quarter worth about $213,000. 83.52% of the stock is owned by institutional investors.
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Several brokerages recently weighed in on AIG. BidaskClub raised American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Barclays PLC cut their target price on American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Bank of America Corporation downgraded American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Friday, November 3rd. Finally, Deutsche Bank AG restated a “sell” rating and issued a $60.00 target price (up previously from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $68.18.
Shares of American International Group, Inc. (AIG) traded down $0.18 during midday trading on Monday, hitting $62.06. The company had a trading volume of 4,422,200 shares, compared to its average volume of 5,944,923. The stock has a market cap of $55,740.00, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group, Inc. has a 52 week low of $57.90 and a 52 week high of $67.47.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $1.23 earnings per share. sell-side analysts anticipate that American International Group, Inc. will post 2.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. American International Group’s dividend payout ratio is -51.41%.
American International Group 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.
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