TD Private Client Wealth LLC Sells 366 Shares of American International Group, Inc. (NYSE:AIG)

TD Private Client Wealth LLC trimmed its stake in American International Group, Inc. (NYSE:AIG) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,212 shares of the insurance provider’s stock after selling 366 shares during the quarter. TD Private Client Wealth LLC’s holdings in American International Group were worth $1,399,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Artemis Investment Management LLP grew its position in American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after acquiring an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. boosted its stake in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after purchasing an additional 4,468 shares in the last quarter. Merit Financial Group LLC acquired a new position in American International Group in the fourth quarter worth $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group in the fourth quarter worth $279,000. 90.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AIG. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. UBS Group cut their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Eight investment 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 a consensus target price of $84.31.

American International Group Stock Down 0.8 %

AIG stock opened at $83.03 on Friday. 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 business has a 50 day moving average price of $77.45 and a two-hundred day moving average price of $75.56. The company has a market cap of $49.27 billion, a price-to-earnings ratio of -39.92, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $84.99.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. American International Group’s dividend payout ratio 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.