Toronto Dominion Bank grew its position in American International Group Inc (NYSE:AIG) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,979 shares of the insurance provider’s stock after acquiring an additional 125,085 shares during the period. Toronto Dominion Bank’s holdings in American International Group were worth $27,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CNB Bank bought a new position in shares of American International Group in the 4th quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of American International Group in the 1st quarter valued at about $29,000. Lindbrook Capital LLC bought a new position in shares of American International Group in the 4th quarter valued at about $39,000. Proficio Capital Partners LLC grew its position in shares of American International Group by 92.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,328 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 639 shares during the period. Finally, Stamos Capital Partners L.P. bought a new position in shares of American International Group in the 4th quarter valued at about $75,000. 90.98% of the stock is owned by institutional investors.

NYSE AIG opened at $51.48 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.58. The stock has a market cap of $44.11 billion, a PE ratio of 44.00, a P/E/G ratio of 0.94 and a beta of 1.40. American International Group Inc has a 52-week low of $36.16 and a 52-week high of $56.36.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, May 6th. The insurance provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.52. American International Group had a negative net margin of 0.60% and a positive return on equity of 2.48%. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.25 billion. During the same quarter in the previous year, the company earned $1.04 EPS. As a group, equities research analysts expect that American International Group Inc will post 4.89 earnings per share for the current year.

American International Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 13th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, June 13th. American International Group’s dividend payout ratio (DPR) is 109.40%.

A number of analysts have recently issued reports on the stock. Wells Fargo & Co restated a “buy” rating and set a $54.00 target price on shares of American International Group in a research note on Wednesday, February 13th. Bank of America restated a “buy” rating and set a $56.00 target price (up previously from $50.00) on shares of American International Group in a research note on Tuesday, May 7th. Royal Bank of Canada restated an “outperform” rating and set a $56.00 target price on shares of American International Group in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, May 9th. Finally, Compass Point assumed coverage on shares of American International Group in a research note on Tuesday, January 15th. They set a “neutral” rating and a $44.00 target price for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $55.17.

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About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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