American International Group, Inc. (NYSE:AIG) has earned an average rating of “Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $69.09.

Several equities analysts recently commented on AIG shares. Morgan Stanley upgraded shares of American International Group from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $62.87 to $61.82 in a research note on Tuesday, May 16th. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 target price on shares of American International Group in a research note on Wednesday. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th.

Several institutional investors and hedge funds have recently bought and sold shares of AIG. Waldron LP bought a new stake in shares of American International Group in the 1st quarter worth about $208,000. First Trust Advisors LP grew its holdings in shares of American International Group by 4.0% in the 1st quarter. First Trust Advisors LP now owns 133,370 shares of the insurance provider’s stock worth $8,326,000 after purchasing an additional 5,086 shares during the last quarter. FTB Advisors Inc. grew its holdings in shares of American International Group by 147.9% in the 1st quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance provider’s stock worth $176,000 after purchasing an additional 1,711 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of American International Group by 6.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 356,568 shares of the insurance provider’s stock worth $22,461,000 after purchasing an additional 20,623 shares during the last quarter. Finally, Markston International LLC grew its holdings in shares of American International Group by 5.1% in the 1st quarter. Markston International LLC now owns 170,101 shares of the insurance provider’s stock worth $10,620,000 after purchasing an additional 8,299 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of American International Group (NYSE AIG) traded up 2.59% on Friday, reaching $59.78. 10,069,162 shares of the company’s stock traded hands. The firm’s market capitalization is $54.01 billion. American International Group has a 52 week low of $57.35 and a 52 week high of $67.47. The company’s 50-day moving average is $62.64 and its 200-day moving average is $62.56.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period in the prior year, the company earned $0.98 EPS. Equities research analysts anticipate that American International Group will post $5.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, September 14th. American International Group’s payout ratio is -711.07%.

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About American International Group

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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