American International Group (NYSE:AIG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

American International Group (NYSE:AIG) had its price target raised by equities researchers at Wells Fargo & Company from $76.00 to $77.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.28% from the stock’s previous close.

AIG has been the topic of a number of other reports. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Keefe, Bruyette & Woods reduced their price objective on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus price target of $84.13.

American International Group Trading Up 0.8 %

NYSE:AIG opened at $73.14 on Tuesday. The company has a 50-day moving average price of $74.02 and a 200-day moving average price of $74.68. The stock has a market cap of $45.62 billion, a price-to-earnings ratio of -21.58, a P/E/G ratio of 7.30 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group has a 12 month low of $66.06 and a 12 month high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the previous year, the firm posted $1.61 EPS. Equities analysts predict that American International Group will post 5.12 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AIG. EagleClaw Capital Managment LLC lifted its holdings in shares of American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after buying an additional 150 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after buying an additional 161 shares in the last quarter. Graypoint LLC boosted its stake in American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after buying an additional 167 shares during the last quarter. Commerce Bank grew its holdings in American International Group by 1.0% during the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after buying an additional 172 shares in the last quarter. Finally, Stablepoint Partners LLC grew its holdings in American International Group by 1.0% during the 3rd quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock valued at $1,256,000 after buying an additional 173 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

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.