American International Group, Inc. (NYSE:AIG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

American International Group, Inc. (NYSE:AIG) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $84.80.

Several equities analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Evercore ISI cut their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group upped their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays initiated coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. Finally, Keefe, Bruyette & Woods decreased their target price 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the 3rd quarter valued at about $26,000. Y.D. More Investments Ltd purchased a new stake in shares of American International Group during the second quarter worth approximately $27,000. True Wealth Design LLC acquired a new stake in American International Group in the third quarter valued at approximately $29,000. Continuum Advisory LLC lifted its stake in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in American International Group during the 3rd quarter worth approximately $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of American International Group stock opened at $72.69 on Wednesday. The business’s 50 day moving average price is $75.62 and its 200 day moving average price is $74.97. The company has a market cap of $45.34 billion, a price-to-earnings ratio of -21.44, a PEG ratio of 7.30 and a beta of 1.05. 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 one year low of $65.78 and a one year high of $80.83.

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, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. On average, research analysts predict that American International Group will post 5.12 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

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.