TD Asset Management Inc Has $33.04 Million Position in American International Group, Inc. $AIG

TD Asset Management Inc grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 48.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 420,621 shares of the insurance provider’s stock after acquiring an additional 136,933 shares during the quarter. TD Asset Management Inc owned about 0.08% of American International Group worth $33,036,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in American International Group in the second quarter valued at about $787,724,000. Vanguard Group Inc. increased its holdings in American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares during the period. Viking Global Investors LP acquired a new position in shares of American International Group in the 2nd quarter valued at approximately $155,413,000. Jupiter Asset Management Ltd. raised its position in shares of American International Group by 2,157.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,615,618 shares of the insurance provider’s stock valued at $126,891,000 after buying an additional 1,544,037 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of American International Group by 6.1% during the 2nd quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock worth $1,072,969,000 after acquiring an additional 716,209 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE:AIG opened at $80.40 on Friday. The firm has a market capitalization of $43.14 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.62 and a beta of 0.61. The company has a fifty day moving average of $78.24 and a 200-day moving average of $78.96. 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 twelve month low of $71.25 and a twelve month high of $88.07.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same period in the previous year, the company posted $1.30 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, March 16th. This represents a $1.80 annualized dividend and a yield of 2.2%. American International Group’s dividend payout ratio (DPR) is 33.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. TD Cowen raised their target price on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Wells Fargo & Company boosted their price target on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Barclays dropped their price objective on American International Group from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Finally, Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $87.58.

About American International Group

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.