The Goldman Sachs Group Has Lowered Expectations for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price target reduced by equities research analysts at The Goldman Sachs Group from $84.00 to $81.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 5.98% from the stock’s current price.

AIG has been the subject of several other research reports. Barclays cut American International Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $95.00 to $88.00 in a report on Friday, December 5th. Wolfe Research initiated coverage on American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research report on Tuesday, August 12th. Bank of America raised their price objective on shares of American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Finally, HSBC decreased their target price on shares of American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.81.

American International Group Stock Performance

Shares of NYSE AIG opened at $76.43 on Monday. The company has a 50 day simple moving average of $78.31 and a two-hundred day simple moving average of $80.26. The stock has a market cap of $41.24 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.80 and a beta of 0.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group has a 12 month low of $69.24 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company posted $1.23 earnings per share. As a group, analysts predict that American International Group will post 6.24 earnings per share for the current year.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Vise Technologies Inc. purchased a new position in shares of American International Group in the 2nd quarter valued at about $858,000. Jupiter Asset Management Ltd. acquired a new position in American International Group in the second quarter valued at approximately $6,127,000. Patton Fund Management Inc. acquired a new position in American International Group in the second quarter valued at approximately $232,000. AIA Group Ltd increased its stake in American International Group by 169.6% in the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock valued at $901,000 after purchasing an additional 6,523 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in American International Group by 132.6% during the second quarter. Allworth Financial LP now owns 12,457 shares of the insurance provider’s stock worth $1,066,000 after purchasing an additional 7,101 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.