American International Group, Inc. (NYSE:AIG) Given Average Rating of “Moderate Buy” by Brokerages

American International Group, Inc. (NYSE:AIG) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $84.38.

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. TD Cowen dropped their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Morgan Stanley decreased their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Tuesday, July 9th. Finally, Evercore ISI decreased their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th.

American International Group Stock Up 0.8 %

AIG opened at $76.33 on Tuesday. The company has a market cap of $49.15 billion, a PE ratio of -59.17, a P/E/G ratio of 5.23 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group has a 52 week low of $62.52 and a 52 week high of $80.83. The business has a 50 day moving average price of $75.13 and a two-hundred day moving average price of $75.63.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its stake in shares of American International Group by 4.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 157,704 shares of the insurance provider’s stock worth $11,549,000 after acquiring an additional 7,127 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in shares of American International Group by 16.4% in the 3rd quarter. Meixler Investment Management Ltd. now owns 9,681 shares of the insurance provider’s stock valued at $709,000 after purchasing an additional 1,367 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in American International Group during the 3rd quarter worth approximately $46,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of American International Group by 2.3% during the third quarter. Crossmark Global Holdings Inc. now owns 39,276 shares of the insurance provider’s stock valued at $2,876,000 after buying an additional 886 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

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.