American International Group, Inc. (NYSE:AIG) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 48.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 327,056 shares of the insurance provider's stock after acquiring an additional 106,097 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of American International Group worth $23,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AIG. Wellington Management Group LLP grew its holdings in American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock valued at $543,091,000 after purchasing an additional 59,180 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in American International Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider's stock valued at $477,802,000 after buying an additional 269,188 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in American International Group by 6.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider's stock worth $233,743,000 after buying an additional 198,889 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AIG shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. UBS Group lifted their target price on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised shares of American International Group from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Wells Fargo & Company cut their price objective on shares of American International Group from $77.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Finally, BMO Capital Markets cut shares of American International Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $84.80.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

American International Group Stock Performance

American International Group stock traded up $0.40 during trading hours on Friday, hitting $72.86. 3,612,958 shares of the stock traded hands, compared to its average volume of 4,105,514. The firm's 50 day moving average price is $76.09 and its 200-day moving average price is $75.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $45.45 billion, a price-to-earnings ratio of -21.50, a P/E/G ratio of 7.30 and a beta of 1.05. American International Group, Inc. has a 1 year low of $65.69 and a 1 year high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. As a group, equities analysts expect that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. American International Group's dividend payout ratio (DPR) is presently -47.20%.

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.