American International Group Inc. (AIG) Now Covered by Analysts at Credit Suisse Group AG
Research analysts at Credit Suisse Group AG began coverage on shares of American International Group Inc. (NYSE:AIG) in a research note issued to investors on Friday. The firm set a “neutral” rating and a $60.00 price target on the insurance provider’s stock. Credit Suisse Group AG’s target price points to a potential downside of 0.10% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Evercore ISI began coverage on shares of American International Group in a report on Wednesday, July 6th. They issued a “buy” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. set a $65.00 target price on shares of American International Group and gave the company a “hold” rating in a report on Wednesday, August 3rd. Vetr lowered shares of American International Group from a “hold” rating to a “sell” rating and set a $55.52 target price on the stock. in a report on Wednesday, August 3rd. Morgan Stanley set a $63.00 target price on shares of American International Group and gave the company a “hold” rating in a report on Wednesday, August 3rd. Finally, FBR & Co restated a “hold” rating and issued a $53.00 target price on shares of American International Group in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.10.
American International Group (NYSE:AIG) traded up 0.18% during trading on Friday, reaching $60.06. The company’s stock had a trading volume of 4,733,009 shares. American International Group has a 12 month low of $48.41 and a 12 month high of $64.31. The company’s market cap is $64.30 billion. The stock’s 50-day moving average is $58.93 and its 200 day moving average is $56.12.
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American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. American International Group had a negative net margin of 0.64% and a positive return on equity of 1.33%. During the same quarter last year, the firm earned $1.39 EPS. On average, equities analysts forecast that American International Group will post $4.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, September 13th. American International Group’s dividend payout ratio (DPR) is presently -799.95%.
A number of hedge funds have recently bought and sold shares of AIG. Standard Life Investments LTD raised its stake in American International Group by 0.7% in the second quarter. Standard Life Investments LTD now owns 4,559,523 shares of the insurance provider’s stock worth $241,085,000 after buying an additional 33,662 shares during the period. Orbis Allan Gray Ltd purchased a new stake in American International Group during the first quarter worth $215,015,000. Nisa Investment Advisors LLC raised its stake in American International Group by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 327,970 shares of the insurance provider’s stock worth $17,347,000 after buying an additional 7,592 shares during the period. Capital Fund Management S.A. purchased a new stake in American International Group during the second quarter worth $17,713,000. Finally, Confluence Investment Management LLC raised its stake in American International Group by 15.8% in the second quarter. Confluence Investment Management LLC now owns 815,898 shares of the insurance provider’s stock worth $43,153,000 after buying an additional 111,381 shares during the period. 84.69% of the stock is currently owned by institutional investors and hedge funds.
About American International Group
American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.
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