Toronto Dominion Bank Has $32.58 Million Stake in American International Group Inc (AIG)
Toronto Dominion Bank grew its position in American International Group Inc (NYSE:AIG) by 2.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 612,024 shares of the insurance provider’s stock after buying an additional 12,875 shares during the quarter. Toronto Dominion Bank’s holdings in American International Group were worth $32,577,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of AIG. Advisors Asset Management Inc. raised its position in American International Group by 4,404.8% during the second quarter. Advisors Asset Management Inc. now owns 1,892 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 1,850 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of American International Group in the second quarter valued at approximately $115,000. Kaizen Advisory LLC raised its position in shares of American International Group by 152.1% in the second quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock valued at $116,000 after buying an additional 1,325 shares during the last quarter. Zions Bancorporation acquired a new position in shares of American International Group in the third quarter valued at approximately $124,000. Finally, Financial Engines Advisors L.L.C. raised its position in shares of American International Group by 350.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 2,890 shares of the insurance provider’s stock valued at $154,000 after buying an additional 2,248 shares during the last quarter. 89.73% of the stock is currently owned by institutional investors and hedge funds.
American International Group stock opened at $42.69 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.58. American International Group Inc has a 1 year low of $39.29 and a 1 year high of $65.05. The company has a market capitalization of $37.30 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.41 and a beta of 1.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.28 annualized dividend and a yield of 3.00%. American International Group’s dividend payout ratio is currently 53.33%.
A number of research firms have recently weighed in on AIG. ValuEngine lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Wells Fargo & Co set a $62.00 target price on shares of American International Group and gave the company a “buy” rating in a report on Thursday, October 18th. Deutsche Bank lowered their target price on shares of American International Group from $54.00 to $52.00 and set a “hold” rating for the company in a report on Monday, October 22nd. Finally, JPMorgan Chase & Co. set a $63.00 target price on shares of American International Group and gave the company a “hold” rating in a report on Sunday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.02.
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American International Group Profile
American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.
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