American International Group Receives Average Rating of “Hold” from Analysts (NYSE:AIG)
American International Group (NYSE:AIG) has earned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, AnalystRatings.NET reports. Nine investment 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 company. The average twelve-month target price among brokerages that have covered the stock in the last year is $57.36.
In other American International Group news, Director Peter R. Fisher bought 4,720 shares of American International Group stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $52.95 per share, with a total value of $249,924.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on AIG shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of American International Group in a research note on Wednesday, August 6th. They now have a $59.00 price target on the stock, up previously from $58.00. Separately, analysts at RBC Capital raised their price target on shares of American International Group from $64.00 to $65.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of American International Group in a research note on Tuesday, August 5th. They now have a $55.00 price target on the stock, up previously from $53.00.
Shares of American International Group (NYSE:AIG) traded down 0.20% on Friday, hitting $55.47. The stock had a trading volume of 1,739,381 shares. American International Group has a 1-year low of $45.94 and a 1-year high of $56.00. The stock’s 50-day moving average is $54.08 and its 200-day moving average is $52.26. The company has a market cap of $79.149 billion and a price-to-earnings ratio of 9.28.
American International Group (NYSE:AIG) last released its earnings data 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. On average, analysts predict that American International Group will post $4.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Thursday, September 11th 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 Tuesday, September 9th.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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