Bank of Nova Scotia lifted its position in American Worldwide Team, Inc. (NYSE:AIG) by 868.2% throughout the to start with quarter, in accordance to its most new filing with the Securities and Trade Fee (SEC). The fund owned 213,547 shares of the insurance coverage provider’s inventory right after getting an additional 191,490 shares throughout the period of time. Bank of Nova Scotia’s holdings in American Worldwide Team have been worth $13,332,000 as of its most new filing with the SEC.
Other hedge funds and other institutional traders have also purchased and offered shares of the business. Brighton Jones LLC greater its stake in American Worldwide Team by 24.6% in the to start with quarter. Brighton Jones LLC now owns 4,011 shares of the insurance coverage provider’s inventory valued at $250,000 right after getting an additional 792 shares throughout the period of time. Hutchens Expense Administration Inc ordered a new stake in American Worldwide Team throughout the to start with quarter valued at about $1,781,000. Place72 Asia Hong Kong Ltd greater its stake in American Worldwide Team by 255.7% in the to start with quarter. Place72 Asia Hong Kong Ltd now owns 4,916 shares of the insurance coverage provider’s inventory valued at $307,000 right after getting an additional 3,534 shares throughout the period of time. FNY Associates Fund LP ordered a new stake in American Worldwide Team throughout the to start with quarter valued at about $305,000. Ultimately, Lincluden Administration Ltd. greater its stake in American Worldwide Team by 7.6% in the to start with quarter. Lincluden Administration Ltd. now owns 173,400 shares of the insurance coverage provider’s inventory valued at $10,825,000 right after getting an additional 12,185 shares throughout the period of time. 86.18% of the inventory is now owned by institutional traders and hedge funds.
Shares of American Worldwide Team, Inc. (NYSE AIG) opened at 64.53 on Tuesday. The business has a industry capitalization of $59.74 billion, a P/E ratio of 131.16 and a beta of 1.13. The company’s 50 day going normal price is $63.60 and its 200 day going normal price is $63.17. American Worldwide Team, Inc. has a 12 month reduced of $53.93 and a 12 month superior of $67.47.
American Worldwide Team (NYSE:AIG) last issued its quarterly earnings knowledge on Wednesday, May perhaps 3rd. The insurance coverage provider claimed $1.36 earnings for every share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $.25. The business experienced revenue of $11.31 billion for the quarter, as opposed to analyst estimates of $11 billion. American Worldwide Team experienced a web margin of 1.00% and a return on equity of 5.36%. During the very same period of time last year, the business posted $.65 earnings for every share. Analysts assume that American Worldwide Team, Inc. will write-up $5.02 EPS for the present fiscal year.
American Worldwide Team declared that its board has initiated a inventory buyback method on Wednesday, May perhaps 3rd that permits the business to repurchase $2.50 billion in superb shares. This repurchase authorization permits the insurance coverage provider to repurchase up to 4.2% of its shares by means of open industry purchases. Shares repurchase plans are usually a indicator that the company’s management believes its shares are undervalued.
The organization also not long ago disclosed a quarterly dividend, which was paid out on Wednesday, June 28th. Traders of history on Wednesday, June 14th have been issued a dividend of $.32 for every share. This signifies a $1.28 annualized dividend and a generate of 1.98%. The ex-dividend day of this dividend was Monday, June 12th. American Worldwide Group’s payout ratio is 412.92%.
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AIG has been the matter of many new study reports. BidaskClub downgraded American Worldwide Team from a “hold” score to a “sell” score in a study note on Monday. Morgan Stanley upgraded American Worldwide Team from an “equal weight” score to an “overweight” score and lessened their price target for the business from $62.87 to $61.82 in a study note on Tuesday, May perhaps 16th. Credit rating Suisse Team established a $72.00 price target on American Worldwide Team and gave the business a “buy” score in a study note on Saturday, April 15th. Zacks Expense Exploration upgraded American Worldwide Team from a “hold” score to a “buy” score and established a $70.00 price target for the business in a study note on Wednesday, July 5th. Ultimately, Wells Fargo & Business reiterated a “buy” score on shares of American Worldwide Team in a study report on Wednesday, April 12th. Two analysts have rated the inventory with a market score, 4 have assigned a hold score, nine have offered a obtain score and two have assigned a sturdy obtain score to the company’s inventory. American Worldwide Team has an normal score of “Buy” and a consensus price target of $65.15.
In other American Worldwide Team information, CEO Brian Duperreault acquired 80,000 shares of the business’s inventory in a transaction that occurred on Thursday, May perhaps 18th. The shares have been purchased at an normal price tag of $61.48 for every share, with a complete worth of $4,918,400.00. Next the completion of the acquisition, the chief executive officer now directly owns 80,000 shares in the business, valued at close to $4,918,400. The transaction was disclosed in a legal filing with the Securities & Trade Fee, which is readily available by means of this link. Business insiders possess .52% of the company’s inventory.
American Worldwide Team Business Profile
American Worldwide Team, Inc is a world-wide insurance coverage business. The Business presents a range of residence casualty insurance coverage, daily life insurance coverage, retirement solutions and other economical services to professional and specific prospects. Its segments involve Business Insurance coverage, Shopper Insurance coverage, Other Functions and Legacy Portfolio.
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