Shares of American International Group, Inc. (NYSE:AIG – Get Free Report) have received a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $87.68.
A number of research firms recently weighed in on AIG. UBS Group raised their target price on shares of American International Group from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Tuesday, September 29th. Morgan Stanley decreased their price target on shares of American International Group from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Finally, Argus reissued a “buy” rating and issued a $90.00 price objective on shares of American International Group in a research note on Wednesday, September 2nd.
Read Our Latest Stock Analysis on AIG
American International Group Stock Performance
NYSE AIG opened at $79.71 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. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29. The business has a 50 day simple moving average of $76.83 and a two-hundred day simple moving average of $76.68. The stock has a market capitalization of $41.68 billion, a PE ratio of 14.57, a P/E/G ratio of 0.85 and a beta of 0.52.
American International Group (NYSE:AIG – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.08. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%. During the same period in the prior year, the firm earned $1.81 EPS. On average, research analysts predict that American International Group will post 8.07 EPS for the current fiscal year.
American International Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s dividend payout ratio (DPR) is presently 36.56%.
Insider Buying and Selling
In related news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total value of $15,294,000.00. Following the completion of the transaction, the insider owned 592,833 shares in the company, valued at approximately $45,333,939.51. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.
Institutional Investors Weigh In On American International Group
Institutional investors have recently modified their holdings of the stock. L2 Asset Management LLC raised its position in shares of American International Group by 4.8% in the 2nd quarter. L2 Asset Management LLC now owns 3,046 shares of the insurance provider’s stock valued at $227,000 after purchasing an additional 139 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in American International Group by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock worth $831,000 after purchasing an additional 146 shares in the last quarter. CENTRAL TRUST Co grew its position in American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 151 shares during the last quarter. Center for Financial Planning Inc. grew its position in American International Group by 52.0% during the 3rd quarter. Center for Financial Planning Inc. now owns 456 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 156 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in American International Group by 7.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,333 shares of the insurance provider’s stock worth $174,000 after purchasing an additional 158 shares during the last quarter. 90.60% of the stock is owned by institutional investors.
American International Group Company Profile
American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.
AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.
The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.
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