American International Group (NYSE:AIG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

American International Group (NYSE:AIG) had its price objective lifted by Keefe, Bruyette & Woods from $90.00 to $98.00 in a research report report published on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

Several other research firms have also issued reports on AIG. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. Wells Fargo & Company upped their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.76.

American International Group Trading Down 1.7 %

AIG opened at $86.23 on Tuesday. American International Group has a 12 month low of $69.00 and a 12 month high of $88.07. The stock has a fifty day moving average price of $79.49 and a 200-day moving average price of $76.30. The firm has a market cap of $51.16 billion, a price-to-earnings ratio of -41.46, a PEG ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American International Group

A number of large investors have recently bought and sold shares of AIG. Duncker Streett & Co. Inc. purchased a new position in American International Group during the fourth quarter valued at $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the 4th quarter worth about $26,000. Ameriflex Group Inc. purchased a new position in American International Group in the 4th quarter valued at about $29,000. BankPlus Trust Department acquired a new stake in American International Group in the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in American International Group during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds 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.