PHH Investments Ltd. diminished its place in American Intercontinental Team, Inc. (NYSE:AIG) by 1.3% for the duration of the 1st quarter, according to its most new filing with the Securities and Trade Commission. The fund owned 23,050 shares of the insurance provider’s inventory after advertising 314 shares for the duration of the period of time. American Intercontinental Team accounts for .5% of PHH Investments Ltd.’s financial commitment portfolio, creating the inventory its 20th major place. PHH Investments Ltd.’s holdings in American Intercontinental Team were being truly worth $1,439,000 at the end of the most new quarter.
A number of other hedge cash and other institutional buyers have also not too long ago extra to or diminished their stakes in AIG. Kentucky Retirement Systems acquired a new place in shares of American Intercontinental Team for the duration of the fourth quarter truly worth about $4,624,000. River & Mercantile Asset Management LLP acquired a new place in shares of American Intercontinental Team for the duration of the fourth quarter truly worth about $2,593,000. Sigma Planning Corp boosted its place in shares of American Intercontinental Team by 15.6% in the 1st quarter. Sigma Planning Corp now owns 3,680 shares of the insurance provider’s inventory truly worth $230,000 after acquiring an supplemental 496 shares for the duration of the period of time. Wealthfront Inc. boosted its place in shares of American Intercontinental Team by 38.3% in the fourth quarter. Wealthfront Inc. now owns 16,873 shares of the insurance provider’s inventory truly worth $1,102,000 after acquiring an supplemental 4,670 shares for the duration of the period of time. Eventually, Blue Granite Cash LLC boosted its place in shares of American Intercontinental Team by 11.8% in the 1st quarter. Blue Granite Cash LLC now owns 38,000 shares of the insurance provider’s inventory truly worth $2,372,000 after acquiring an supplemental 4,000 shares for the duration of the period of time. 86.18% of the inventory is at the moment owned by institutional buyers and hedge cash.
Shares of American Intercontinental Team, Inc. (NYSE:AIG) opened at 65.19 on Thursday. American Intercontinental Team, Inc. has a 12 thirty day period reduced of $53.93 and a 12 thirty day period superior of $67.47. The inventory has a marketplace capitalization of $60.11 billion, a PE ratio of 108.65 and a beta of 1.13. The stock’s 50 day relocating average is $63.60 and its 200 day relocating average is $63.17.
American Intercontinental Team (NYSE:AIG) final introduced its quarterly earnings knowledge on Wednesday, May possibly 3rd. The insurance provider reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $.25. The corporation had revenue of $11.31 billion for the duration of the quarter, in comparison to the consensus estimate of $11 billion. American Intercontinental Team had a web margin of 1.00% and a return on equity of 5.36%. All through the same quarter in the prior calendar year, the business acquired $.65 EPS. Analysts anticipate that American Intercontinental Team, Inc. will post $5.02 earnings for each share for the latest fiscal calendar year.
American Intercontinental Team declared that its board has licensed a share buyback application on Wednesday, May possibly 3rd that authorizes the corporation to buyback $2.50 billion in fantastic shares. This buyback authorization authorizes the insurance provider to obtain up to 4.2% of its shares by way of open up marketplace purchases. Shares buyback packages are often an indication that the company’s leadership thinks its inventory is undervalued.
The corporation also not too long ago disclosed a quarterly dividend, which was compensated on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were being offered a dividend of $.32 for each share. The ex-dividend day of this dividend was Monday, June 12th. This signifies a $1.28 dividend on an annualized foundation and a generate of 1.96%. American Intercontinental Group’s payout ratio is at the moment 412.92%.
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Numerous study companies not too long ago issued reviews on AIG. TheStreet raised American Intercontinental Team from a “c” score to a “b-” score in a study notice on Wednesday, May possibly 3rd. J P Morgan Chase & Co lowered their price objective on shares of American Intercontinental Team from $69.00 to $65.00 and established a “neutral” score for the corporation in a report on Monday, April 3rd. Wells Fargo & Firm restated a “buy” score on shares of American Intercontinental Team in a report on Thursday, April 20th. Royal Lender Of Canada restated a “buy” score and issued a $71.00 price objective on shares of American Intercontinental Team in a report on Monday, April 24th. Eventually, Zacks Financial investment Exploration lowered shares of American Intercontinental Team from a “buy” score to a “hold” score in a report on Thursday, July 6th. Two financial commitment analysts have rated the inventory with a market score, four have offered a keep score, nine have offered a acquire score and two have assigned a powerful acquire score to the inventory. The corporation presently has a consensus score of “Buy” and a consensus goal price of $65.15.
In other news, CEO Brian Duperreault obtained 80,000 shares of the business’s inventory in a transaction on Thursday, May possibly 18th. The inventory was acquired at an average price of $61.48 for each share, for a whole transaction of $4,918,400.00. Following the transaction, the chief government officer now owns 80,000 shares in the corporation, valued at $4,918,400. The obtain was disclosed in a filing with the Securities & Trade Commission, which is obtainable by way of the SEC internet site. .52% of the inventory is at the moment owned by company insiders.
American Intercontinental Team Firm Profile
American Intercontinental Team, Inc is a worldwide insurance corporation. The Firm delivers a range of house casualty insurance, everyday living insurance, retirement items and other economic expert services to business and unique consumers. Its segments contain Commercial Insurance policies, Customer Insurance policies, Other Operations and Legacy Portfolio.
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