American International Group, Inc. (NYSE:AIG) Receives $84.80 Average Price Target from Analysts

American International Group, Inc. (NYSE:AIG) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $84.80.

AIG has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Barclays began coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. Finally, UBS Group raised their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th.

Institutional Trading of American International Group

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

American International Group Stock Up 2.3 %

NYSE:AIG opened at $72.69 on Wednesday. The company has a market cap of $45.34 billion, a price-to-earnings ratio of -21.44, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. American International Group has a twelve month low of $65.78 and a twelve month 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 stock has a fifty day simple moving average of $75.62 and a 200-day simple moving average of $74.98.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company posted $1.61 EPS. Analysts anticipate that American International Group will post 5.12 EPS 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 issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. American International Group’s payout ratio is currently -47.20%.

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.