American International Group (NYSE:AIG – Get Free Report) had its price target boosted by analysts at Wells Fargo & Company from $85.00 to $89.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 12.25% from the stock’s previous close.
A number of other equities analysts also recently issued reports on AIG. Citigroup increased their target price on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Barclays lifted their price target on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. The Goldman Sachs Group upped their price objective on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Bank of America reduced their target price on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group boosted their target price on shares of American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.44.
View Our Latest Research Report on AIG
American International Group Stock Performance
American International Group (NYSE:AIG – Get Free Report) last released its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter in the previous year, the company posted $1.17 earnings per share. Research analysts anticipate that American International Group will post 7.98 EPS for the current year.
Hedge Funds Weigh In On American International Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in American International Group by 129.9% in the 4th quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock valued at $11,695,000 after acquiring an additional 76,874 shares during the last quarter. Cypress Wealth Services LLC acquired a new stake in shares of American International Group during the fourth quarter worth $1,269,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of American International Group by 20.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock valued at $7,608,000 after purchasing an additional 15,116 shares during the period. Board of the Pension Protection Fund grew its position in shares of American International Group by 296.1% in the fourth quarter. Board of the Pension Protection Fund now owns 20,200 shares of the insurance provider’s stock valued at $1,728,000 after purchasing an additional 15,100 shares during the period. Finally, Wellington Management Group LLP increased its stake in American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after purchasing an additional 1,899,203 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting American International Group
Here are the key news stories impacting American International Group this week:
- Positive Sentiment: Cantor Fitzgerald upgraded AIG to overweight and raised its price target to $92, citing continued Q1 momentum. AIG raised to overweight at Cantor based on Q1 momentum continuing
- Positive Sentiment: UBS lifted its target on American International Group (NYSE:AIG) to $98 and maintained a buy rating, signaling further upside potential. UBS Group Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price
- Positive Sentiment: Mizuho raised its price target on AIG to $89, reflecting continued confidence in the stock’s valuation. Can American International Group (AIG) Justify Its Price After A 92% Run?
- Neutral Sentiment: KBW slightly lowered its target to $95, but still kept an outperform rating, so the overall stance remains constructive. KBW price target update
- Neutral Sentiment: Zacks highlighted AIG’s earnings surprise history and dividend appeal, which supports the stock but does not change near-term fundamentals by itself. Why American International Group (AIG) is Poised to Beat Earnings Estimates Again
- Neutral Sentiment: AIG also announced a leadership change, naming Williams as head of global client, which is more of an internal management update than a major market-moving event. AIG Heralds Williams as Head of Global Client
American International Group Company Profile
American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.
The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.
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