TD Private Client Wealth LLC Sells 4,262 Shares of American International Group, Inc. $AIG

Key Points

• TD Private Client Wealth LLC reduced its position in American International Group, Inc. by 21.4%, selling 4,262 shares in the second quarter, and now holds 15,642 shares valued at approximately $1.34 million.
• American International Group recently reported earnings per share of $1.81 for the quarter, exceeding analysts' expectations, but its revenue fell slightly short of projections with $6.77 billion.
• The company has announced a quarterly dividend of $0.45 per share, with a dividend yield of 2.3%, reflecting a payout ratio of 34.09%.

TD Private Client Wealth LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 21.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,642 shares of the insurance provider's stock after selling 4,262 shares during the quarter. TD Private Client Wealth LLC's holdings in American International Group were worth $1,339,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AIG. Brighton Jones LLC bought a new position in shares of American International Group in the fourth quarter valued at about $1,091,000. Ameriflex Group Inc. bought a new position in shares of American International Group in the fourth quarter valued at about $29,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of American International Group in the fourth quarter valued at about $28,113,000. NorthCrest Asset Manangement LLC raised its holdings in shares of American International Group by 0.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider's stock valued at $1,437,000 after buying an additional 169 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of American International Group by 62.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider's stock valued at $4,812,000 after buying an additional 25,458 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AIG. William Blair upgraded American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Cfra Research raised American International Group to a "moderate buy" rating in a report on Monday, August 11th. Wolfe Research assumed coverage on American International Group in a report on Tuesday, September 16th. They set a "peer perform" rating for the company. Cantor Fitzgerald raised American International Group to a "hold" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen cut American International Group from a "buy" rating to a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, American International Group currently has an average rating of "Moderate Buy" and an average target price of $88.27.

American International Group Price Performance

American International Group stock opened at $77.13 on Friday. The firm has a market capitalization of $42.73 billion, a P/E ratio of 14.61, a PEG ratio of 0.83 and a beta of 0.70. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The business has a 50-day moving average of $79.44 and a 200-day moving average of $81.84. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the previous year, the company earned $1.16 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's payout ratio is presently 34.09%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.

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