American International Group, Inc. (NYSE:AIG) has earned an average rating of “Buy” from the seventeen brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $64.81.

A number of research firms have recently weighed in on AIG. Zacks Investment Research lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $71.00 price objective on shares of American International Group in a research report on Monday, April 24th. Credit Suisse Group set a $72.00 price objective on shares of American International Group and gave the company a “buy” rating in a research report on Saturday, April 15th. Finally, TheStreet raised shares of American International Group from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd.

In related news, CEO Brian Duperreault bought 80,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the acquisition, the chief executive officer now owns 80,000 shares in the company, valued at $4,918,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. Parametrica Management Ltd acquired a new stake in American International Group during the first quarter valued at about $370,000. Private Bank & Trust Co. increased its stake in American International Group by 18.5% in the first quarter. Private Bank & Trust Co. now owns 12,836 shares of the insurance provider’s stock valued at $802,000 after buying an additional 2,003 shares in the last quarter. Trust Co increased its stake in American International Group by 6.4% in the fourth quarter. Trust Co now owns 15,061 shares of the insurance provider’s stock valued at $984,000 after buying an additional 910 shares in the last quarter. Confluence Investment Management LLC increased its stake in American International Group by 8.0% in the first quarter. Confluence Investment Management LLC now owns 922,992 shares of the insurance provider’s stock valued at $57,622,000 after buying an additional 68,541 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in American International Group by 450.4% in the fourth quarter. Macquarie Group Ltd. now owns 186,542 shares of the insurance provider’s stock valued at $12,183,000 after buying an additional 152,647 shares in the last quarter. Institutional investors own 86.16% of the company’s stock.

Shares of American International Group (NYSE:AIG) traded down 0.42% during mid-day trading on Friday, reaching $63.96. 1,714,673 shares of the company traded hands. The stock’s 50-day moving average is $63.59 and its 200-day moving average is $63.21. The company has a market capitalization of $59.21 billion, a P/E ratio of 130.00 and a beta of 1.13. American International Group has a 52 week low of $53.93 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.25. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $11 billion. American International Group had a net margin of 1.00% and a return on equity of 5.36%. During the same quarter in the previous year, the business posted $0.65 earnings per share. On average, equities analysts predict that American International Group will post $5.02 EPS for the current fiscal year.

American International Group announced that its board has initiated a share repurchase plan on Wednesday, May 3rd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Investors of record on Wednesday, June 14th were issued a $0.32 dividend. The ex-dividend date was Monday, June 12th. This represents a $1.28 dividend on an annualized basis and a yield of 1.99%. American International Group’s payout ratio is 412.92%.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Analyst Recommendations for American International Group (NYSE:AIG)

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