Barclays Cuts American International Group (NYSE:AIG) Price Target to $79.00

American International Group (NYSE:AIGFree Report) had its target price trimmed by Barclays from $81.00 to $79.00 in a research report released on Wednesday,MarketScreener reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

A number of other brokerages have also recently issued reports on AIG. Wells Fargo & Company increased their target price on shares of American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. HSBC lowered their price target on American International Group from $91.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Bank of America dropped their price objective on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $91.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Evercore lowered their target price on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $87.32.

View Our Latest Analysis on American International Group

American International Group Price Performance

American International Group stock opened at $78.26 on Wednesday. The company has a market cap of $42.23 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.61. American International Group has a one year low of $71.25 and a one year high of $88.07. The business has a fifty day moving average of $78.89 and a two-hundred day moving average of $78.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32.

American International Group (NYSE:AIGGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.78%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter last year, the firm posted $1.30 EPS. As a group, analysts predict that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s payout ratio is 33.21%.

Institutional Trading of American International Group

A number of large investors have recently made changes to their positions in AIG. Geneos Wealth Management Inc. lifted its holdings in American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after purchasing an additional 129 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after buying an additional 130 shares in the last quarter. First Bank & Trust raised its position in shares of American International Group by 2.2% in the third quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after buying an additional 131 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of American International Group by 17.7% during the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock valued at $68,000 after buying an additional 131 shares during the period. Finally, Howard Capital Management Inc. lifted its stake in shares of American International Group by 3.0% during the third quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock valued at $370,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Key Headlines Impacting American International Group

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

About American International Group

(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.

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Analyst Recommendations for American International Group (NYSE:AIG)

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