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.
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.
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