American International Group (NYSE:AIG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

American International Group (NYSE:AIGGet Free Report) had its target price boosted by Keefe, Bruyette & Woods from $91.00 to $96.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 24.58% from the stock’s current price.

Several other equities analysts also recently commented on AIG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Royal Bank Of Canada initiated coverage on American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price objective on the stock. The Goldman Sachs Group lowered their price objective on American International Group from $84.00 to $81.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Barclays cut shares of American International Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $95.00 to $88.00 in a research report on Friday, December 5th. Finally, Wells Fargo & Company upped their price target on shares of American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, American International Group currently has a consensus rating of “Hold” and an average target price of $89.56.

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American International Group Price Performance

Shares of AIG opened at $77.06 on Tuesday. The company’s 50-day moving average is $80.17 and its 200-day moving average is $80.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $41.58 billion, a PE ratio of 14.01, a PEG ratio of 0.75 and a beta of 0.62. American International Group has a fifty-two week low of $69.24 and a fifty-two week high of $88.07.

American International Group (NYSE:AIGGet Free Report) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. Equities analysts forecast that American International Group will post 6.24 EPS for the current year.

Institutional Trading of American International Group

A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Westfuller Advisors LLC bought a new stake in American International Group during the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp boosted its stake in shares of American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares in the last quarter. Eastern Bank boosted its stake in shares of American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of American International Group during the second quarter worth about $32,000. Finally, GFG Capital LLC acquired a new position in shares of American International Group in the second quarter valued at approximately $33,000. Institutional investors own 90.60% of the company’s stock.

Key American International Group News

Here are the key news stories impacting American International Group this week:

American International Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for American International Group (NYSE:AIG)

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