American International Group’s (AIG) “Neutral” Rating Reaffirmed at The Goldman Sachs Group

American International Group (NYSE:AIG)‘s stock had its “neutral” rating reissued by The Goldman Sachs Group in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a $79.00 target price on the insurance provider’s stock, down from their previous target price of $83.00. The Goldman Sachs Group’s price target indicates a potential upside of 10.77% from the company’s previous close.

A number of other equities analysts also recently weighed in on AIG. JPMorgan Chase & Co. dropped their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Evercore ISI lowered their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $84.06.

American International Group Trading Down 1.7 %

Shares of NYSE AIG opened at $71.32 on Wednesday. The firm has a market capitalization of $44.49 billion, a PE ratio of -21.04, a PEG ratio of 7.30 and a beta of 1.06. American International Group has a one year low of $66.06 and a one year high of $80.83. 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 business has a 50-day moving average price of $74.28 and a two-hundred day moving average price of $74.76.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period last year, the company posted $1.61 earnings per share. As a group, analysts predict that American International Group will post 5.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the third quarter worth about $26,000. Y.D. More Investments Ltd bought a new stake in American International Group during the 2nd quarter valued at approximately $27,000. True Wealth Design LLC acquired a new stake in American International Group in the 3rd quarter valued at approximately $29,000. Continuum Advisory LLC increased its position in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in American International Group in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Company Profile

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.