American International Group, Inc. $AIG Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its stake in American International Group, Inc. (NYSE:AIG) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,050 shares of the insurance provider’s stock after acquiring an additional 21,281 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in American International Group were worth $7,671,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AIG. Modus Advisors LLC purchased a new position in American International Group during the fourth quarter valued at $27,000. Navalign LLC purchased a new stake in shares of American International Group during the fourth quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group during the 4th quarter worth about $29,000. First Bancorp Inc ME acquired a new stake in American International Group in the 2nd quarter worth about $30,000. Finally, SHP Wealth Management acquired a new position in shares of American International Group during the fourth quarter valued at approximately $34,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total value of $2,804,160.06. Following the sale, the insider owned 556,004 shares of the company’s stock, valued at $42,334,144.56. The trade was a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

American International Group Stock Performance

Shares of American International Group stock opened at $76.18 on Friday. The firm has a market cap of $39.83 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.50. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The business’s fifty day simple moving average is $77.96 and its 200-day simple moving average is $76.99.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period last year, the business earned $1.81 earnings per share. Equities analysts forecast that American International Group, Inc. will post 8.02 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group’s dividend payout ratio (DPR) is 36.56%.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group boosted their price target on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Barclays upped their target price on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Cantor Fitzgerald reduced their target price on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Piper Sandler raised their price target on shares of American International Group from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Argus reaffirmed a “buy” rating and set a $90.00 price objective on shares of American International Group in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.37.

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.