American International Group, Inc. (NYSE:AIG – Get Free Report) has received an average rating of “Hold” from the twenty research firms that are currently covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $88.3684.
Several analysts have recently weighed in on AIG shares. Morgan Stanley lowered their target price on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Argus restated a “buy” rating and issued a $90.00 price objective on shares of American International Group in a research report on Wednesday, September 2nd. UBS Group lifted their price objective on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. The Goldman Sachs Group boosted their target price on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada raised their price target on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a report on Monday, August 10th.
Get Our Latest Report on American International Group
Insider Buying and Selling
Hedge Funds Weigh In On American International Group
Large investors have recently made changes to their positions in the stock. Modus Advisors LLC purchased a new position in American International Group in the fourth quarter valued at about $27,000. Navalign LLC acquired a new stake in shares of American International Group in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. purchased a new position in American International Group in the 4th quarter valued at approximately $29,000. First Bancorp Inc ME acquired a new position in American International Group during the second quarter worth $30,000. Finally, SHP Wealth Management purchased a new stake in American International Group during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.
American International Group Price Performance
American International Group stock opened at $74.71 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The business has a 50 day simple moving average of $77.98 and a 200-day simple moving average of $76.92. American International Group has a 12 month low of $71.25 and a 12 month high of $87.29. The stock has a market capitalization of $39.07 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.50.
American International Group (NYSE:AIG – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period last year, the firm posted $1.81 EPS. Equities analysts predict that American International Group will post 8.02 earnings per share for the current year.
American International Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.50 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.7%. American International Group’s dividend payout ratio is presently 36.56%.
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.
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