Brokerages Set American International Group, Inc. (NYSE:AIG) Price Target at $84.06

American International Group, Inc. (NYSE:AIG) has earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $84.13.

Several research analysts recently commented on the company. Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Bank of America increased their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Evercore ISI decreased their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AIG. Acadian Asset Management LLC raised its stake in shares of American International Group by 484.8% during the 2nd quarter. Acadian Asset Management LLC now owns 22,772 shares of the insurance provider’s stock worth $1,690,000 after purchasing an additional 18,878 shares in the last quarter. American Century Companies Inc. increased its stake in American International Group by 13.2% in the second quarter. American Century Companies Inc. now owns 620,190 shares of the insurance provider’s stock valued at $46,043,000 after acquiring an additional 72,474 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in American International Group in the second quarter valued at about $27,000. Cornercap Investment Counsel Inc. acquired a new stake in American International Group in the second quarter valued at approximately $927,000. Finally, Meeder Advisory Services Inc. boosted its holdings in shares of American International Group by 32.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 19,479 shares of the insurance provider’s stock valued at $1,446,000 after acquiring an additional 4,746 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 2.6 %

American International Group stock opened at $72.69 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The firm has a fifty day moving average price of $74.02 and a two-hundred day moving average price of $74.68. The firm has a market cap of $45.34 billion, a price-to-earnings ratio of -21.44, a P/E/G ratio of 7.30 and a beta of 1.06.

American International Group (NYSE:AIG) last issued 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 company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the business posted $1.61 EPS. As a group, analysts forecast that American International Group will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid 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 was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

About American International Group

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.