Shares of American International Group Inc (NYSE:AIG) have earned an average rating of “Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $58.24.
Several research firms have recently commented on AIG. ValuEngine lowered shares of American International Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. Evercore ISI began coverage on shares of American International Group in a research report on Thursday, October 17th. They set an “in-line” rating and a $54.00 price target on the stock. Barclays lifted their price target on shares of American International Group from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a research report on Monday.
Shares of AIG stock traded up $0.79 during trading on Friday, hitting $51.82. 545,021 shares of the stock traded hands, compared to its average volume of 4,023,040. The firm has a market capitalization of $43.85 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26. The firm’s fifty day moving average price is $53.16 and its 200-day moving average price is $54.15. American International Group has a 52-week low of $36.54 and a 52-week high of $58.66.
American International Group (NYSE:AIG) last released its quarterly earnings results on Friday, November 1st. The insurance provider reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.43). The firm had revenue of $11.99 billion for the quarter, compared to analysts’ expectations of $12.03 billion. American International Group had a net margin of 3.56% and a return on equity of 4.17%. During the same period in the previous year, the firm posted ($0.34) EPS. As a group, equities research analysts expect that American International Group will post 4.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Wednesday, December 11th. American International Group’s payout ratio is 109.40%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP grew its stake in shares of American International Group by 3,249.1% in the second quarter. First Trust Advisors LP now owns 507,984 shares of the insurance provider’s stock worth $27,065,000 after acquiring an additional 492,816 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of American International Group in the second quarter worth $786,000. Janus Henderson Group PLC grew its stake in shares of American International Group by 8.5% in the second quarter. Janus Henderson Group PLC now owns 291,972 shares of the insurance provider’s stock worth $15,554,000 after acquiring an additional 22,980 shares in the last quarter. Westpac Banking Corp grew its stake in shares of American International Group by 4.1% in the second quarter. Westpac Banking Corp now owns 100,715 shares of the insurance provider’s stock worth $5,366,000 after acquiring an additional 4,000 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of American International Group by 21.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 107,907 shares of the insurance provider’s stock worth $5,867,000 after acquiring an additional 18,727 shares in the last quarter. 91.15% of the stock is currently owned by institutional investors.
About American International Group
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
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