American International Group (NYSE:AIG) Price Target Raised to $95.00

American International Group (NYSE:AIG) had its price target lifted by Barclays from $93.00 to $95.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

A number of other analysts have also commented on AIG. Jefferies Financial Group boosted their price objective on shares of American International Group from $96.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group boosted their price target on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. William Blair upgraded shares of American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Piper Sandler lowered their target price on 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. Finally, Morgan Stanley dropped their target price on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.13.

American International Group Stock Performance

Shares of AIG stock opened at $76.80 on Wednesday. The stock has a market cap of $42.55 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. The stock has a 50-day moving average of $79.13 and a 200-day moving average of $81.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, sell-side analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 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 32.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. GQG Partners LLC grew its stake in shares of American International Group by 33,315.0% during the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after buying an additional 18,852,949 shares during the last quarter. Norges Bank bought a new position in shares of American International Group in the 2nd quarter valued at $787,724,000. Vanguard Group Inc. boosted its holdings in shares of American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after acquiring an additional 7,117,583 shares in the last quarter. Nuveen LLC acquired a new position in American International Group in the 1st quarter worth about $440,273,000. Finally, AQR Capital Management LLC raised its position in American International Group by 184.4% in the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after purchasing an additional 2,162,545 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

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.