Barclays Issues Pessimistic Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective decreased by investment analysts at Barclays from $88.00 to $81.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s price objective would indicate a potential upside of 7.28% from the company’s previous close.

A number of other research firms also recently issued reports on AIG. TD Cowen increased their target price on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Cantor Fitzgerald reissued a “neutral” rating on shares of American International Group in a research note on Thursday, December 11th. Royal Bank Of Canada initiated coverage on shares of American International Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 price target for the company. Finally, Mizuho started coverage on American International Group in a report on Tuesday, December 16th. They issued a “neutral” rating and a $84.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, American International Group presently has an average rating of “Hold” and a consensus price target of $89.17.

American International Group Trading Down 3.1%

Shares of AIG opened at $75.50 on Thursday. American International Group has a twelve month low of $69.24 and a twelve month high of $88.07. The firm has a market capitalization of $40.74 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.75 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. The stock’s fifty day simple moving average is $80.09 and its 200 day simple moving average is $80.20.

American International Group (NYSE:AIG) last announced its quarterly 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. The company 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 firm posted $1.23 earnings per share. On average, equities research analysts forecast that American International Group will post 6.24 earnings per share for the current year.

Institutional Trading of American International Group

A number of hedge funds and other institutional investors have recently modified their holdings of AIG. Vise Technologies Inc. acquired a new stake in shares of American International Group during the second quarter worth $858,000. Jupiter Asset Management Ltd. acquired a new position in shares of American International Group in the 2nd quarter valued at $6,127,000. Patton Fund Management Inc. purchased a new position in American International Group in the 2nd quarter worth about $232,000. Allworth Financial LP increased its stake in American International Group by 132.6% in the 2nd 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. Finally, Callan Family Office LLC raised its holdings in American International Group by 303.4% during the 2nd quarter. Callan Family Office LLC now owns 24,782 shares of the insurance provider’s stock worth $2,121,000 after buying an additional 18,639 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

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.