Toronto Dominion Bank lifted its position in American International Group, Inc. (NYSE:AIG) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 350,805 shares of the insurance provider’s stock after acquiring an additional 42,179 shares during the period. Toronto Dominion Bank’s holdings in American International Group were worth $21,933,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AIG. Boston Partners increased its position in shares of American International Group by 262.4% in the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock worth $429,003,000 after acquiring an additional 4,968,504 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of American International Group by 307.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock worth $260,534,000 after acquiring an additional 3,144,446 shares in the last quarter. Prudential Financial Inc. increased its position in shares of American International Group by 202.5% in the second quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock worth $250,655,000 after acquiring an additional 2,683,775 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of American International Group in the second quarter worth approximately $134,359,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of American International Group by 27.1% in the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after acquiring an additional 2,103,522 shares in the last quarter. 83.98% of the stock is currently owned by institutional investors and hedge funds.

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AIG has been the topic of several analyst reports. BidaskClub downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation dropped their target price on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 target price on shares of American International Group in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $68.35.

American International Group, Inc. (NYSE:AIG) traded up 0.98% during mid-day trading on Friday, reaching $63.16. 7,080,434 shares of the company’s stock were exchanged. The company’s market cap is $57.06 billion. American International Group, Inc. has a 52-week low of $57.35 and a 52-week high of $67.47. The stock has a 50-day moving average price of $60.80 and a 200 day moving average price of $62.22.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period last year, the business earned $0.98 EPS. Equities analysts predict that American International Group, Inc. will post $3.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.03%. American International Group’s dividend payout ratio is currently -711.07%.

About American International Group

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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