American International Group Inc (NYSE:AIG) has earned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $67.10.

Several research analysts recently commented on AIG shares. Wells Fargo & Co set a $75.00 target price on American International Group and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Bank of America reduced their target price on American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 target price on shares of American International Group in a research report on Friday, October 6th. Finally, ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th.

Several hedge funds and other institutional investors have recently modified their holdings of AIG. Boyd Watterson Asset Management LLC OH bought a new position in shares of American International Group in the fourth quarter valued at about $437,000. Patriot Wealth Management Inc. raised its holdings in shares of American International Group by 1.4% in the fourth quarter. Patriot Wealth Management Inc. now owns 142,495 shares of the insurance provider’s stock valued at $8,490,000 after buying an additional 1,989 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of American International Group by 1.6% in the third quarter. Prudential Financial Inc. now owns 4,072,049 shares of the insurance provider’s stock valued at $249,983,000 after buying an additional 62,850 shares during the last quarter. Atlantic Trust Group LLC raised its holdings in shares of American International Group by 138.8% in the third quarter. Atlantic Trust Group LLC now owns 37,446 shares of the insurance provider’s stock valued at $2,299,000 after buying an additional 21,765 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in shares of American International Group in the third quarter valued at about $19,817,000. 85.90% of the stock is owned by institutional investors.

Shares of American International Group (NYSE AIG) traded down $0.20 during mid-day trading on Friday, reaching $60.95. The company had a trading volume of 2,400,000 shares, compared to its average volume of 4,950,000. The company has a market capitalization of $54,790.00, a PE ratio of -24.48, a P/E/G ratio of 1.03 and a beta of 1.18. American International Group has a 52-week low of $57.85 and a 52-week high of $67.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period last year, the business earned $1.23 earnings per share. research analysts anticipate that American International Group will post 2.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.10%. American International Group’s payout ratio is presently -51.41%.

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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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