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

American International Group, Inc. (NYSE:AIG) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $84.80.

A number of equities analysts recently commented on the company. Evercore ISI cut their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group upped their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Bank of America lifted their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th.

Hedge Funds Weigh In On American International Group

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in American International Group by 128.4% in the second quarter. Blue Trust Inc. now owns 1,430 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 804 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of American International Group during the 2nd quarter valued at $454,000. First Horizon Advisors Inc. raised its stake in shares of American International Group by 10.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,881 shares of the insurance provider’s stock worth $362,000 after purchasing an additional 461 shares during the period. &PARTNERS purchased a new position in shares of American International Group in the 2nd quarter worth about $543,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in American International Group during the second quarter valued at about $982,000. 90.60% of the stock is owned by institutional investors.

American International Group Trading Down 1.2 %

Shares of AIG stock opened at $71.23 on Wednesday. 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 $65.78 and a fifty-two week high of $80.83. The company has a market cap of $44.43 billion, a PE ratio of -21.01, a P/E/G ratio of 7.30 and a beta of 1.05. The stock’s fifty day moving average price is $75.93 and its two-hundred day moving average price is $75.08.

American International Group (NYSE:AIG) last issued its 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 firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Equities analysts predict that American International Group will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -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.