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RBC Capital increased their price target on shares of American International Group (NYSE:AIG) from $64.00 to $65.00 in a research note issued on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 23.81% from the company’s current price.

American International Group (NYSE:AIG) traded up 0.57% on Wednesday, hitting $52.50. The stock had a trading volume of 9,990,529 shares. American International Group has a 52-week low of $45.94 and a 52-week high of $56.00. The stock’s 50-day moving average is $54.54 and its 200-day moving average is $51.90. The company has a market cap of $75.726 billion and a price-to-earnings ratio of 8.71. American International Group also saw some unusual options trading on Monday. Investors bought 13,855 put options on the company. This represents an increase of approximately 207% compared to the average daily volume of 4,516 put options.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.20. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that American International Group will post $4.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Investors of record on Thursday, September 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, September 9th.

Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of American International Group in a research note on Tuesday. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of American International Group in a research note on Tuesday. They now have a $55.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of American International Group in a research note on Thursday, July 17th. They now have a $57.00 price target on the stock, up previously from $56.00. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $57.36.

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

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