TD Waterhouse Canada Inc. Boosts Stock Position in American International Group, Inc. (NYSE:AIG)

TD Waterhouse Canada Inc. boosted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Research Global Investors boosted its stake in shares of American International Group by 1.4% during the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after purchasing an additional 482,724 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of American International Group by 3.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after acquiring an additional 461,912 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after purchasing an additional 1,284,354 shares during the period. Finally, Norges Bank bought a new stake in shares of American International Group during the fourth quarter valued at approximately $718,013,000. Institutional investors own 90.60% of the company's stock.

Insiders Place Their Bets

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company's stock.

American International Group Stock Performance

AIG stock opened at $81.67 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a market cap of $48.63 billion, a P/E ratio of -39.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The stock's fifty day moving average price is $81.23 and its 200-day moving average price is $77.05.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities 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. Shareholders of record on Monday, March 17th were issued 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 yield of 1.96%. American International Group's dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company cut their price target on American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, Jefferies Financial Group boosted their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.65.

American International Group Company 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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