Highland Cash Management LLC preserved its posture in American Intercontinental Team, Inc. (NYSE:AIG) during the second quarter, in accordance to its most modern 13F filing with the Securities and Trade Commission (SEC). The fund owned 5,161 shares of the insurance plan provider’s inventory at the conclusion of the second quarter. Highland Cash Management LLC’s holdings in American Intercontinental Team had been truly worth $323,000 as of its most modern SEC filing.
A range of other institutional investors have also just lately extra to or lessened their stakes in AIG. Israel Discount Bank of New York obtained a new posture in American Intercontinental Team during the first quarter valued at close to $145,000. Chicago Associates Expenditure Team LLC lifted its posture in American Intercontinental Team by .5% in the first quarter. Chicago Associates Expenditure Team LLC now owns 2,642 shares of the insurance plan provider’s inventory valued at $165,000 immediately after obtaining an added 14 shares in the previous quarter. FTB Advisors Inc. lifted its posture in American Intercontinental Team by 147.9% in the first quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance plan provider’s inventory valued at $176,000 immediately after obtaining an added 1,711 shares in the previous quarter. Feltz Prosperity Program Inc. obtained a new posture in American Intercontinental Team during the first quarter valued at close to $184,000. Finally, Lincoln National Corp obtained a new posture in American Intercontinental Team during the first quarter valued at close to $202,000. 86.16% of the inventory is at this time owned by hedge cash and other institutional investors.
Shares of American Intercontinental Team, Inc. (NYSE AIG) traded down .05% on Friday, hitting $64.20. 3,542,745 shares of the inventory had been exchanged. The company has a market cap of $59.43 billion, a price tag-to-earnings ratio of 130.49 and a beta of 1.13. American Intercontinental Team, Inc. has a 52-week very low of $53.93 and a 52-week high of $67.47. The company has a 50 working day transferring common of $63.59 and a 200 working day transferring common of $63.21.
American Intercontinental Team (NYSE:AIG) previous unveiled its quarterly earnings facts on Wednesday, Could 3rd. The insurance plan supplier reported $1.36 earnings for each share for the quarter, beating analysts’ consensus estimates of $1.11 by $.25. The organization experienced revenue of $11.31 billion during the quarter, when compared to analyst estimates of $11 billion. American Intercontinental Team experienced a return on fairness of 5.36% and a internet margin of 1.00%. For the duration of the exact same quarter in the prior year, the organization posted $.65 earnings for each share. Equities exploration analysts forecast that American Intercontinental Team, Inc. will submit $5.02 earnings for each share for the present year.
The small business also just lately disclosed a quarterly dividend, which was paid out on Wednesday, June 28th. Stockholders of file on Wednesday, June 14th had been paid out a dividend of $.32 for each share. This signifies a $1.28 dividend on an annualized foundation and a dividend produce of 1.99%. The ex-dividend day of this dividend was Monday, June 12th. American Intercontinental Group’s dividend payout ratio (DPR) is presently 412.92%.
American Intercontinental Team declared that its board has approved a share repurchase prepare on Wednesday, Could 3rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the insurance plan supplier to reacquire up to 4.2% of its shares through open market buys. Shares buyback programs are typically an indication that the company’s board thinks its inventory is undervalued.
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A range of equities exploration analysts have just lately weighed in on the inventory. Wells Fargo & Organization restated a “buy” ranking on shares of American Intercontinental Team in a exploration note on Wednesday, July 5th. Zacks Expenditure Exploration downgraded shares of American Intercontinental Team from a “buy” ranking to a “hold” ranking in a exploration note on Thursday, July 6th. Royal Bank Of Canada restated a “buy” ranking and issued a $71.00 price tag concentrate on on shares of American Intercontinental Team in a exploration note on Monday, April 24th. Credit history Suisse Team set a $72.00 price tag concentrate on on shares of American Intercontinental Team and gave the company a “buy” ranking in a exploration note on Saturday, April 15th. Finally, TheStreet upgraded shares of American Intercontinental Team from a “c” ranking to a “b-” ranking in a exploration note on Wednesday, Could 3rd. One investment decision analyst has rated the inventory with a provide ranking, four have issued a hold ranking, nine have assigned a acquire ranking and two have issued a sturdy acquire ranking to the company’s inventory. The inventory has a consensus ranking of “Buy” and a consensus concentrate on price tag of $65.15.
In relevant news, CEO Brian Duperreault obtained 80,000 shares of the company’s inventory in a transaction dated Thursday, Could 18th. The inventory was obtained at an common price tag of $61.48 for each share, with a overall value of $4,918,400.00. Pursuing the completion of the purchase, the main government officer now owns 80,000 shares in the company, valued at close to $4,918,400. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders possess .52% of the company’s inventory.
American Intercontinental Team Organization Profile
American Intercontinental Team, Inc is a world-wide insurance plan company. The Organization presents a vary of residence casualty insurance plan, existence insurance plan, retirement products and other financial expert services to commercial and particular person prospects. Its segments include things like Industrial Coverage, Shopper Coverage, Other Operations and Legacy Portfolio.
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