American International Group (NYSE:AIG) PT Raised to $90.00

American International Group (NYSE:AIG) had its price target raised by stock analysts at BMO Capital Markets from $87.00 to $90.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 18.34% from the stock’s current price.

AIG has been the topic of a number of other research reports. Evercore ISI dropped their price target on American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, June 27th. Morgan Stanley decreased their target price on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. TD Cowen dropped their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Barclays initiated coverage on shares of American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price for the company. Finally, Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average target price of $84.27.

American International Group Stock Up 5.1 %

AIG opened at $76.05 on Friday. The business has a 50 day moving average of $73.87 and a 200-day moving average of $75.55. The stock has a market capitalization of $50.47 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 3.70 and a beta of 1.06. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group has a 1-year low of $58.69 and a 1-year high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the firm earned $1.75 earnings per share. American International Group’s quarterly revenue was up .0% on a year-over-year basis. As a group, sell-side analysts anticipate that American International Group will post 5.24 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American International Group

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado boosted its position in American International Group by 273.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 106,702 shares of the insurance provider’s stock valued at $7,229,000 after acquiring an additional 78,126 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of American International Group by 88.5% during the 4th quarter. Pinebridge Investments L.P. now owns 73,097 shares of the insurance provider’s stock valued at $4,952,000 after buying an additional 34,313 shares in the last quarter. Vinva Investment Management Ltd purchased a new position in American International Group during the fourth quarter valued at $1,699,000. Schroder Investment Management Group boosted its stake in shares of American International Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 699,072 shares of the insurance provider’s stock worth $47,362,000 after acquiring an additional 14,196 shares during the last quarter. Finally, Ossiam boosted its position in American International Group by 25.5% during the fourth quarter. Ossiam now owns 41,612 shares of the insurance provider’s stock worth $2,819,000 after acquiring an additional 8,449 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Company Profile

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.