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

American International Group, Inc. (NYSE:AIG) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $84.38.

A number of equities analysts recently issued reports on AIG shares. UBS Group lifted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com downgraded American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $93.00 to $89.00 in a report on Thursday, October 10th. Piper Sandler lowered their price target on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gladstone Institutional Advisory LLC lifted its position in American International Group by 162.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 16,877 shares of the insurance provider’s stock worth $1,236,000 after purchasing an additional 10,445 shares during the period. United Asset Strategies Inc. lifted its holdings in shares of American International Group by 2.3% during the third quarter. United Asset Strategies Inc. now owns 131,390 shares of the insurance provider’s stock valued at $9,622,000 after acquiring an additional 2,997 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of American International Group by 41.5% during the third quarter. AustralianSuper Pty Ltd now owns 1,028,532 shares of the insurance provider’s stock valued at $75,319,000 after acquiring an additional 301,637 shares during the period. US Bancorp DE lifted its holdings in shares of American International Group by 0.5% during the third quarter. US Bancorp DE now owns 186,142 shares of the insurance provider’s stock valued at $13,631,000 after acquiring an additional 886 shares during the period. Finally, SteelPeak Wealth LLC lifted its holdings in shares of American International Group by 1.6% during the third quarter. SteelPeak Wealth LLC now owns 41,662 shares of the insurance provider’s stock valued at $3,051,000 after acquiring an additional 667 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.9 %

Shares of AIG stock opened at $77.48 on Tuesday. American International Group has a 1 year low of $59.89 and a 1 year high of $80.83. The stock has a market cap of $51.42 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06. The business’s fifty day moving average is $74.96 and its 200-day moving average is $75.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts expect that American International Group will post 5.09 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. American International Group’s dividend payout ratio is currently 23.88%.

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.