American International Group, Inc. (NYSE:AIG) had its target price decreased by investment analysts at UBS AG from $65.00 to $64.00 in a research report issued on Tuesday, www.benzinga.com reports. The firm presently has a “neutral” rating on the insurance provider’s stock. UBS AG’s target price indicates a potential upside of 7.76% from the company’s current price.

AIG has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price target on shares of American International Group in a research report on Wednesday, September 6th. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, July 5th. BidaskClub raised shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $67.96.

American International Group (NYSE:AIG) opened at 59.39 on Tuesday. The stock’s market capitalization is $53.65 billion. American International Group has a 52-week low of $57.35 and a 52-week high of $67.47. The stock’s 50 day moving average price is $61.84 and its 200 day moving average price is $62.38.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the company earned $0.98 EPS. On average, analysts forecast that American International Group will post $5.27 EPS for the current year.

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Several institutional investors have recently modified their holdings of the company. Intl Fcstone Inc. acquired a new stake in shares of American International Group in the 2nd quarter valued at about $419,000. Lord Abbett & CO. LLC raised its stake in shares of American International Group by 169.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 639,599 shares of the insurance provider’s stock valued at $39,987,000 after purchasing an additional 402,261 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of American International Group by 13.7% in the 2nd quarter. Toronto Dominion Bank now owns 350,805 shares of the insurance provider’s stock valued at $21,933,000 after purchasing an additional 42,179 shares in the last quarter. U S Global Investors Inc. raised its stake in shares of American International Group by 101.8% in the 2nd quarter. U S Global Investors Inc. now owns 7,265 shares of the insurance provider’s stock valued at $454,000 after purchasing an additional 3,665 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of American International Group in the 2nd quarter valued at about $826,000. Institutional investors and hedge funds own 83.97% of the company’s stock.

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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