TD Asset Management Inc Has $30.60 Million Stock Holdings in American International Group, Inc. $AIG

TD Asset Management Inc reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 357,707 shares of the insurance provider’s stock after selling 62,914 shares during the period. TD Asset Management Inc’s holdings in American International Group were worth $30,602,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its holdings in American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after buying an additional 129 shares during the period. Westwood Holdings Group Inc. raised its holdings in American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after buying an additional 130 shares during the period. JFS Wealth Advisors LLC raised its holdings in American International Group by 17.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after buying an additional 131 shares during the period. Larson Financial Group LLC raised its holdings in American International Group by 12.6% during the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after buying an additional 140 shares during the period. Finally, One Wealth Capital Management LLC raised its holdings in American International Group by 3.7% during the 3rd quarter. One Wealth Capital Management LLC now owns 4,005 shares of the insurance provider’s stock worth $315,000 after buying an additional 144 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on AIG shares. HSBC raised their target price on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Mizuho raised their target price on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wells Fargo & Company dropped their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, UBS Group raised their target price on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Price Performance

Shares of AIG opened at $75.51 on Friday. The stock has a market capitalization of $40.03 billion, a P/E ratio of 13.32, a P/E/G ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.46. The company has a 50 day moving average of $76.04 and a 200-day moving average of $77.44. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period last year, the business earned $1.17 EPS. As a group, equities research analysts forecast that American International Group, Inc. will post 7.99 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is 31.75%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.