TD Waterhouse Canada Inc. Increases Holdings in American International Group, Inc. $AIG

TD Waterhouse Canada Inc. raised its stake in American International Group, Inc. (NYSE:AIG) by 13.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 87,858 shares of the insurance provider’s stock after buying an additional 10,391 shares during the period. TD Waterhouse Canada Inc.’s holdings in American International Group were worth $7,020,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AIG. Norges Bank acquired a new position in shares of American International Group during the 2nd quarter valued at about $787,724,000. Viking Global Investors LP acquired a new position in American International Group in the 2nd quarter valued at about $155,413,000. Robeco Institutional Asset Management B.V. boosted its holdings in American International Group by 3,745.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 929,330 shares of the insurance provider’s stock valued at $79,541,000 after purchasing an additional 905,164 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of American International Group by 6.1% in the 2nd quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after buying an additional 716,209 shares during the period. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in shares of American International Group during the 2nd quarter worth approximately $53,579,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. Royal Bank Of Canada started coverage on American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price objective on the stock. Wells Fargo & Company lifted their target price on American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Morgan Stanley lowered their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Bank of America cut their price objective on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Finally, The Goldman Sachs Group upped their target price on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and an average target price of $87.42.

American International Group Trading Up 1.3%

Shares of NYSE AIG opened at $74.34 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $40.11 billion, a PE ratio of 13.52, a PEG ratio of 0.55 and a beta of 0.62. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The stock has a fifty day simple moving average of $78.93 and a 200-day simple moving average of $79.17.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the business posted $1.23 EPS. On average, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

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.