American International Group, Inc. (NYSE:AIG) Given Consensus Rating of “Hold” by Analysts

American International Group, Inc. (NYSE:AIG) has been assigned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $89.2778.

Several analysts have recently commented on the stock. HSBC decreased their price objective on shares of American International Group from $93.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. TD Cowen raised their price target on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of American International Group in a research note on Thursday, December 11th. Wells Fargo & Company increased their target price on American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 12th. Finally, UBS Group boosted their price target on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th.

Institutional Investors Weigh In On American International Group

A number of hedge funds have recently made changes to their positions in AIG. Brighton Jones LLC bought a new stake in American International Group in the fourth quarter worth $1,091,000. CreativeOne Wealth LLC increased its holdings in shares of American International Group by 33.4% in the 1st quarter. CreativeOne Wealth LLC now owns 5,550 shares of the insurance provider’s stock worth $482,000 after buying an additional 1,390 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of American International Group by 0.6% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 23,089 shares of the insurance provider’s stock valued at $2,007,000 after buying an additional 132 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of American International Group during the 1st quarter valued at about $47,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of American International Group by 6.6% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 3,508 shares of the insurance provider’s stock valued at $305,000 after acquiring an additional 218 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

AIG opened at $86.48 on Friday. The company’s 50 day moving average is $79.38 and its 200 day moving average is $80.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.89 and a beta of 0.62. 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 posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same period in the prior year, the business posted $1.23 EPS. On average, equities research analysts predict that American International Group will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, December 16th. American International Group’s payout ratio is currently 32.73%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.