American International Group, Inc. (NYSE:AIG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of American International Group, Inc. (NYSE:AIG) have received an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $89.8125.

A number of equities analysts have recently commented on the company. William Blair raised American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Piper Sandler dropped their price objective on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Citigroup started coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price objective for the company. UBS Group increased their target price on American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price target on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th.

Institutional Investors Weigh In On American International Group

Several hedge funds have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of American International Group during the 2nd quarter worth approximately $32,000. Sachetta LLC boosted its position in shares of American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after buying an additional 249 shares in the last quarter. GFG Capital LLC purchased a new stake in shares of American International Group in the second quarter valued at about $33,000. Barrett & Company Inc. purchased a new position in shares of American International Group during the 2nd quarter worth approximately $35,000. Finally, NewSquare Capital LLC grew its holdings in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after buying an additional 154 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of American International Group stock opened at $77.30 on Tuesday. The firm has a market cap of $42.82 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group has a 52 week low of $69.24 and a 52 week high of $88.07. The business’s fifty day simple moving average is $80.00 and its 200-day simple moving average is $81.46.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period last year, the business posted $1.16 earnings per share. Equities analysts forecast that American International Group will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio is currently 34.09%.

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.