American International Group, Inc. (NYSE:AIG)‘s stock had its “buy” rating restated by Keefe, Bruyette & Woods in a report released on Friday. They presently have a $75.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 21.01% from the company’s current price.

Several other brokerages also recently commented on AIG. BidaskClub downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded 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. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. UBS AG cut their target price on American International Group from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of American International Group in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $68.31.

American International Group (AIG) traded up 0.29% during midday trading on Friday, reaching $62.16. 1,109,471 shares of the company traded hands. American International Group has a one year low of $57.35 and a one year high of $67.47. The firm has a 50-day moving average price of $60.61 and a 200-day moving average price of $62.19. The firm’s market capitalization is $56.16 billion.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter last year, the company earned $0.98 EPS. Equities analysts predict that American International Group will post $4.90 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in AIG. Waldron LP bought a new stake in American International Group in the 1st quarter worth approximately $208,000. Schroder Investment Management Group lifted its position in American International Group by 16.0% in the 1st quarter. Schroder Investment Management Group now owns 2,940,885 shares of the insurance provider’s stock worth $184,011,000 after buying an additional 405,251 shares during the last quarter. Dai Ichi Life Insurance Company Ltd lifted its position in American International Group by 27.9% in the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 132,786 shares of the insurance provider’s stock worth $8,290,000 after buying an additional 28,957 shares during the last quarter. Tredje AP fonden lifted its position in American International Group by 10.9% in the 1st quarter. Tredje AP fonden now owns 101,229 shares of the insurance provider’s stock worth $6,320,000 after buying an additional 9,967 shares during the last quarter. Finally, Majedie Asset Management Ltd lifted its position in American International Group by 16.0% in the 1st quarter. Majedie Asset Management Ltd now owns 89,720 shares of the insurance provider’s stock worth $5,601,000 after buying an additional 12,389 shares during the last quarter. Institutional investors own 83.98% 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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