American International Group, Inc. (NYSE:AIG) Receives $84.06 Consensus Target Price from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $84.13.

A number of analysts recently issued reports on the stock. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods reduced their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. UBS Group lifted their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, Evercore ISI cut 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 report on Wednesday, October 9th.

American International Group Stock Up 2.6 %

Shares of NYSE:AIG opened at $72.69 on Friday. 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 firm has a market cap of $45.34 billion, a price-to-earnings ratio of -21.44, a PEG ratio of 7.30 and a beta of 1.06. The stock’s 50-day moving average price is $74.02 and its two-hundred day moving average price is $74.68. American International Group has a 12-month low of $66.06 and a 12-month high of $80.83.

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

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group during the third quarter worth $26,000. Y.D. More Investments Ltd purchased a new stake in shares of American International Group during the 2nd quarter worth about $27,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC grew its stake in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares in the last quarter. Finally, Continuum Advisory LLC raised its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

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.