American International Group Inc (AIG) Receives Average Rating of “Hold” from Brokerages

Shares of American International Group Inc (NYSE:AIG) have been given a consensus rating of “Hold” by the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $67.17.

AIG has been the subject of several recent analyst reports. Bank of America dropped their price target on American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. ValuEngine downgraded American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Morgan Stanley reiterated a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Barclays lowered their target price on American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 16th. Finally, Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.

American International Group (NYSE AIG) traded down $1.58 during trading on Tuesday, reaching $59.05. 4,403,385 shares of the company traded hands, compared to its average volume of 5,852,462. The stock has a market cap of $56,670.40, a price-to-earnings ratio of -23.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. American International Group has a one year low of $57.85 and a one year high of $67.30. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in American International Group by 1.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock valued at $250,000 after acquiring an additional 68 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of American International Group by 6.6% in the second quarter. Moors & Cabot Inc. now owns 8,062 shares of the insurance provider’s stock valued at $503,000 after buying an additional 502 shares in the last quarter. Caxton Associates LP increased its position in shares of American International Group by 10.8% in the second quarter. Caxton Associates LP now owns 8,200 shares of the insurance provider’s stock valued at $513,000 after buying an additional 800 shares in the last quarter. Todd Asset Management LLC increased its position in shares of American International Group by 0.4% in the third quarter. Todd Asset Management LLC now owns 234,313 shares of the insurance provider’s stock valued at $14,384,000 after buying an additional 821 shares in the last quarter. Finally, Markston International LLC increased its position in shares of American International Group by 0.5% in the fourth quarter. Markston International LLC now owns 181,895 shares of the insurance provider’s stock valued at $10,837,000 after buying an additional 834 shares in the last quarter. 85.81% of the stock is currently owned by 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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