AIA Group Ltd Purchases 20,530 Shares of Archer Daniels Midland Company $ADM

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AIA Group Ltd significantly increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 60.6%, purchasing an additional 20,530 shares, bringing its total holdings to 54,427 shares valued at $3.25 million. Despite ADM beating EPS estimates, its revenue declined year-over-year, and analysts currently rate the stock a “Reduce” with a $58 price target. The company recently raised its quarterly dividend to $0.52, but insiders have been net sellers, divesting over 109,000 shares in the last 90 days.

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