American International Group Reaches New 52-Week High at $56.09 (AIG)
American International Group (NYSE:AIG) shares hit a new 52-week high during mid-day trading on Monday , AnalystRatings.NET reports. The company traded as high as $56.09 and last traded at $55.88, with a volume of 4,559,874 shares changing hands. The stock had previously closed at $55.33.
A number of research firms have recently commented on AIG. 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. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.36.
The stock’s 50-day moving average is $54.0 and its 200-day moving average is $52.32. The company has a market cap of $79.677 billion and a P/E ratio of 9.23.
American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, August 4th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.12 earnings per share. American International Group’s revenue was up 2.2% compared to the same quarter last year. 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. Stockholders 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.
In other American International Group news, Director Peter R. Fisher bought 4,720 shares of the stock on the open market in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $52.95 per share, with a total value of $249,924.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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