American International Group, Inc. (NYSE:AIG) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 44.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,514 shares of the insurance provider's stock after purchasing an additional 27,712 shares during the period. TD Waterhouse Canada Inc.'s holdings in American International Group were worth $6,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of American International Group in the 4th quarter valued at about $718,013,000. Wellington Management Group LLP grew its holdings in American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Raymond James Financial Inc. purchased a new position in American International Group in the fourth quarter worth $95,074,000. Franklin Resources Inc. increased its position in shares of American International Group by 14.0% during the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after purchasing an additional 1,284,354 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of American International Group by 70.6% during the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock valued at $154,896,000 after purchasing an additional 880,625 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Activity at American International Group

In related news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. UBS Group decreased their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Evercore ISI boosted their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $87.65.

American International Group Stock Performance

AIG traded up $0.71 on Monday, reaching $81.93. The stock had a trading volume of 951,465 shares, compared to its average volume of 4,971,838. The business's 50-day moving average price is $81.65 and its two-hundred day moving average price is $77.20. The company has a market cap of $48.79 billion, a P/E ratio of -39.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. American International Group's dividend payout ratio (DPR) is -76.92%.

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.