American International Group (NYSE:AIG)‘s stock had its “buy” rating reissued by investment analysts at Keefe, Bruyette & Woods in a report issued on Wednesday. They presently have a $74.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 23.27% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank upgraded shares of American International Group from a “sell” rating to a “hold” rating and upped their target price for the stock from $58.00 to $59.00 in a report on Wednesday. Goldman Sachs Group started coverage on shares of American International Group in a research note on Monday. They issued a “neutral” rating and a $61.00 price objective for the company. B. Riley reiterated a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $67.70.

American International Group (NYSE:AIG) traded up $0.50 on Wednesday, hitting $60.03. 4,234,369 shares of the company were exchanged, compared to its average volume of 5,880,774. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a 12 month low of $57.90 and a 12 month high of $67.47. The firm has a market cap of $53,272.33, a price-to-earnings ratio of 23.61, a PEG ratio of 1.95 and a beta of 1.17.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates of $12.05 billion. During the same quarter in the prior year, the company earned $1.23 EPS. sell-side analysts predict that American International Group will post 2.76 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of American International Group by 121.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock valued at $959,607,000 after acquiring an additional 8,586,682 shares during the period. Canada Pension Plan Investment Board grew its position in shares of American International Group by 12.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock valued at $727,222,000 after acquiring an additional 1,300,900 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of American International Group by 27.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after acquiring an additional 2,103,522 shares during the period. Alliancebernstein L.P. grew its position in shares of American International Group by 1.7% during the 2nd quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock valued at $589,743,000 after acquiring an additional 159,529 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of American International Group by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock valued at $556,681,000 after acquiring an additional 584,450 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

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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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