Morgan Stanley Increases American International Group (NYSE:AIG) Price Target to $85.00

American International Group (NYSE:AIG) had its price objective boosted by equities research analysts at Morgan Stanley from $81.00 to $85.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 1.01% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price target on American International Group to $91.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Wells Fargo & Company raised their price target on American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Barclays raised their price target on American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, American International Group has an average rating of “Moderate Buy” and a consensus target price of $88.12.

American International Group Stock Down 0.2%

AIG stock traded down $0.18 during trading on Monday, reaching $84.15. 289,319 shares of the company traded hands, compared to its average volume of 4,419,621. American International Group has a 12 month low of $69.00 and a 12 month high of $88.07. The business has a 50 day simple moving average of $82.47 and a 200 day simple moving average of $77.74. The company has a market capitalization of $48.50 billion, a price-to-earnings ratio of -40.50, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the company earned $1.25 earnings per share. On average, equities research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

Insider Transactions at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of American International Group

Large investors have recently made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the fourth quarter worth approximately $25,000. Asset Planning Inc purchased a new stake in shares of American International Group during the fourth quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in shares of American International Group during the fourth quarter worth approximately $29,000. Sachetta LLC grew its holdings in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after buying an additional 249 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in American International Group in the 4th quarter valued at $36,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.