American International Group (NYSE:AIG) was upgraded by Deutsche Bank from a “sell” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat Ratings reports. The firm currently has a $59.00 price target on the insurance provider’s stock, up from their prior price target of $58.00. Deutsche Bank’s target price indicates a potential downside of 1.72% from the stock’s current price.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 target price on shares of American International Group in a report on Wednesday, September 6th. Morgan Stanley reiterated a “buy” rating on shares of American International Group in a report on Tuesday, October 10th. Bank of America dropped their target price on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 target price on shares of American International Group in a report on Friday, October 6th. Finally, Wells Fargo & Company reiterated a “buy” rating and issued a $75.00 target price on shares of American International Group in a report on Sunday, October 1st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. American International Group has a consensus rating of “Hold” and an average price target of $67.70.

American International Group (NYSE AIG) traded up $0.50 during mid-day trading on Wednesday, hitting $60.03. 4,234,369 shares of the company’s stock were exchanged, compared to its average volume of 5,880,774. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group has a one year low of $57.90 and a one year high of $67.47. The company has a market cap of $53,272.33, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17.

American International Group (NYSE:AIG) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. sell-side analysts anticipate that American International Group will post 2.76 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Bank of Nova Scotia Trust Co. purchased a new position in American International Group during the third quarter valued at approximately $109,000. Peddock Capital Advisors LLC grew its position in American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after purchasing an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in American International Group during the third quarter valued at approximately $163,000. Rational Advisors LLC grew its position in American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after purchasing an additional 716 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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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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