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American International Group (NYSE:AIG) has been given a “BBB+” credit rating by Morningstar. The credit rating agency’s “BBB+” rating indicates that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.

Several other analysts have also 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. 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 company. The stock currently has an average rating of “Hold” and a consensus price target of $57.36.

Shares of American International Group (NYSE:AIG) opened at 56.06 on Tuesday. American International Group has a 52-week low of $46.80 and a 52-week high of $56.31. The stock’s 50-day moving average is $54.24 and its 200-day moving average is $52.60. The company has a market cap of $79.991 billion and a price-to-earnings ratio of 9.30. American International Group also saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 20,945,564 shares, a growth of 64.3% from the July 31st total of 12,746,988 shares. Based on an average trading volume of 9,796,745 shares, the short-interest ratio is presently 2.1 days. Approximately 1.5% of the company’s shares are short sold.

American International Group (NYSE:AIG) last released its 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. Analysts expect that American International Group will post $4.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Shareholders 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 0.89%. The ex-dividend date of this dividend is Tuesday, September 9th.

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

To view more credit ratings from Morningstar, visit www.morningstar.com.

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