American International Group Receives Consensus Rating of “Hold” from Brokerages (NYSE:AIG)
Shares of American International Group (NYSE:AIG) have earned a consensus rating of “Hold” from the sixteen analysts that are currently covering the stock, Stock Ratings News reports. Nine research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $57.36.
American International Group (NYSE:AIG) opened at 55.89 on Friday. American International Group has a one year low of $45.94 and a one year high of $56.09. The stock’s 50-day moving average is $54.12 and its 200-day moving average is $52.45. The company has a market cap of $79.748 billion and a price-to-earnings ratio of 9.23.
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. Investors 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 0.89%. The ex-dividend date is Tuesday, September 9th.
Several analysts have recently commented on the stock. 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.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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