Cantor Fitzgerald Forecasts Strong Price Appreciation for American International Group (NYSE:AIG) Stock

American International Group (NYSE:AIG) had its price target increased by Cantor Fitzgerald from $77.00 to $81.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 2.83% from the company’s current price.

AIG has been the subject of a number of other research reports. Royal Bank Of Canada began coverage on shares of American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price objective for the company. Wells Fargo & Company raised their target price on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Evercore decreased their price objective on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Finally, The Goldman Sachs Group increased their price target on shares of American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus price target of $87.68.

American International Group Trading Up 0.6%

Shares of NYSE AIG traded up $0.50 during mid-day trading on Tuesday, hitting $78.77. 235,603 shares of the company traded hands, compared to its average volume of 5,290,082. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group has a 1 year low of $71.25 and a 1 year high of $88.07. The stock has a market capitalization of $42.27 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.60 and a beta of 0.61. The business has a 50 day moving average of $78.92 and a two-hundred day moving average of $78.85.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the previous year, the company earned $1.30 EPS. On average, sell-side analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Westfuller Advisors LLC bought a new position in shares of American International Group in the third quarter worth about $26,000. Modus Advisors LLC bought a new position in American International Group in the 4th quarter worth approximately $27,000. Atlantic Union Bankshares Corp increased its position in American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after buying an additional 355 shares during the period. Navalign LLC acquired a new position in shares of American International Group during the fourth quarter worth approximately $29,000. Finally, Eastern Bank boosted its position in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

About American International Group

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.