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American International Group (NYSE:AIG) shares reached a new 52-week high during mid-day trading on Wednesday , American Banking News.com reports. The stock traded as high as $55.47 and last traded at $55.46, with a volume of 3,548,664 shares. The stock had previously closed at $55.22.

A number of research firms have recently commented on AIG. Analysts at S&P Equity Research reiterated a “buy” rating on shares of American International Group in a research note on Wednesday, June 11th. Separately, analysts at Barclays raised their price target on shares of American International Group from $56.00 to $64.00 in a research note on Friday, June 6th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of American International Group in a research note on Thursday, May 29th. They now have a $58.00 price target on the stock, up previously from $55.00. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. American International Group currently has an average rating of “Buy” and a consensus target price of $56.50.

The stock’s 50-day moving average is $53.66 and its 200-day moving average is $50.93. The company has a market cap of $80.419 billion and a price-to-earnings ratio of 9.62. American International Group also saw a large drop in short interest in the month of May. As of May 30th, there was short interest totalling 13,680,947 shares, a drop of 13.6% from the May 15th total of 15,828,378 shares. Based on an average daily trading volume, of 6,489,438 shares, the short-interest ratio is currently 2.1 days. Approximately 1.0% of the shares of the company are short sold.

American International Group (NYSE:AIG) last released its earnings data on Monday, May 5th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.16. The company had revenue of $8.23 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that American International Group will post $4.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, June 6th.

American International Group, Inc (NYSE:AIG) is a global insurance company.

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