American International Group, Inc. (NYSE:AIG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of American International Group, Inc. (NYSE:AIGGet Free Report) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $84.80.

A number of equities analysts have weighed in on AIG shares. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. TD Cowen dropped their target price on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Evercore ISI dropped their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company lowered their price target on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Bank of America upped their target price on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th.

Get Our Latest Stock Report on American International Group

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

Institutional Trading of American International Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc acquired a new position in American International Group during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC lifted its stake in shares of American International Group by 199.2% in the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 239 shares during the period. Y.D. More Investments Ltd purchased a new stake in American International Group during the second quarter worth about $27,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth about $29,000. Finally, Versant Capital Management Inc increased its holdings in American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Up 0.1 %

NYSE AIG opened at $76.06 on Friday. American International Group has a 12-month low of $64.54 and a 12-month high of $80.83. The company has a fifty day simple moving average of $75.50 and a two-hundred day simple moving average of $75.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $47.44 billion, a P/E ratio of -22.44, a P/E/G ratio of 7.45 and a beta of 1.05.

American International Group (NYSE:AIGGet Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the business posted $1.61 EPS. On average, analysts forecast that American International Group will post 5.13 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

American International Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for American International Group (NYSE:AIG)

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