Toronto Dominion Bank Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Toronto Dominion Bank lowered its position in American International Group, Inc. (NYSE:AIG - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,312 shares of the insurance provider's stock after selling 104,744 shares during the quarter. Toronto Dominion Bank's holdings in American International Group were worth $16,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Snowden Capital Advisors LLC boosted its stake in American International Group by 1.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock worth $769,000 after buying an additional 146 shares in the last quarter. Royal Bank of Canada lifted its position in American International Group by 9.2% during the fourth quarter. Royal Bank of Canada now owns 2,519,123 shares of the insurance provider's stock valued at $183,392,000 after buying an additional 212,616 shares during the period. Rafferty Asset Management LLC lifted its position in American International Group by 0.8% during the fourth quarter. Rafferty Asset Management LLC now owns 220,070 shares of the insurance provider's stock valued at $16,021,000 after buying an additional 1,770 shares during the period. Raiffeisen Bank International AG purchased a new position in American International Group during the fourth quarter valued at $513,000. Finally, Redwood Investment Management LLC lifted its position in American International Group by 259.8% during the fourth quarter. Redwood Investment Management LLC now owns 70,282 shares of the insurance provider's stock valued at $5,117,000 after buying an additional 50,751 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of American International Group stock traded down $0.65 during trading hours on Thursday, reaching $81.98. 3,172,776 shares of the stock traded hands, compared to its average volume of 4,417,489. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $47.25 billion, a price-to-earnings ratio of -39.41, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a 50 day moving average price of $82.59 and a 200 day moving average price of $77.88.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the previous year, the firm earned $1.25 EPS. On average, equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.45 per share. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's payout ratio is presently -67.67%.

Insider Activity

In related news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares of the company's stock, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AIG. UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley raised their price target on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday. Jefferies Financial Group raised their price target on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Barclays raised their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, American International Group currently has an average rating of "Moderate Buy" and an average price target of $88.12.

About American International Group

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.