American International Group, Inc. (NYSE:AIG) Receives $84.06 Consensus PT from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $84.13.

A number of equities research analysts have recently commented on AIG shares. Wells Fargo & Company increased their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Jefferies Financial Group increased their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group increased their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th.

Institutional Trading of American International Group

Large investors have recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the 3rd quarter valued at $26,000. Y.D. More Investments Ltd acquired a new position in shares of American International Group in the 2nd quarter valued at $27,000. True Wealth Design LLC acquired a new position in shares of American International Group in the 3rd quarter valued at $29,000. Fortitude Family Office LLC lifted its stake in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Finally, Continuum Advisory LLC lifted its stake in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of AIG opened at $75.06 on Friday. The stock has a market cap of $46.82 billion, a PE ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The firm’s 50-day simple moving average is $73.89 and its two-hundred day simple moving average is $74.67.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. Analysts anticipate that American International Group will post 4.91 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s payout ratio is currently -47.20%.

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.