American International Group (NYSE:AIG – Get Free Report) had its price objective lowered by Morgan Stanley from $82.00 to $81.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 5.69% from the company’s current price.
A number of other equities research analysts also recently issued reports on AIG. Wells Fargo & Company cut their price target on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday. Cantor Fitzgerald raised shares of American International Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $85.00 to $92.00 in a report on Thursday, July 9th. Citigroup boosted their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. UBS Group upped their target price on shares of American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, HSBC decreased their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, American International Group presently has an average rating of “Hold” and an average target price of $88.39.
Get Our Latest Stock Report on AIG
American International Group Stock Performance
American International Group (NYSE:AIG – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.92 by $0.08. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. American International Group had a return on equity of 11.03% and a net margin of 11.13%.During the same quarter in the previous year, the company posted $1.81 earnings per share. Equities research analysts expect that American International Group will post 7.99 EPS for the current year.
Institutional Investors Weigh In On American International Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in shares of American International Group in the fourth quarter worth approximately $27,000. Navalign LLC bought a new stake in shares of American International Group during the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of American International Group during the 4th quarter valued at $29,000. SHP Wealth Management purchased a new position in shares of American International Group during the 4th quarter valued at $34,000. Finally, CENTRAL TRUST Co boosted its holdings in American International Group by 48.7% in the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than American International Group
- On Holding’s Price Stumble May Be an Opening for a Company Built to Run
- TSMC’s 44.7% Sales Surge Signals the AI Boom Is Still Alive
- CoreWeave’s $129 Billion AI Backlog Changes the Bull Case
- Tesla’s Robotaxi Reality Check: Time to Deliver
Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.
