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

Shares of American International Group, Inc. (NYSE:AIGGet Free Report) have earned a consensus rating of “Hold” from the twenty-two ratings firms that are covering the firm, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $87.3158.

A number of analysts have commented on AIG shares. Evercore reduced their price objective on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Cantor Fitzgerald dropped their price objective on shares of American International Group from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Wells Fargo & Company upped their target price on shares of American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday.

View Our Latest Stock Report on American International Group

American International Group Stock Performance

NYSE:AIG opened at $78.26 on Monday. The firm’s 50-day moving average is $78.89 and its 200-day moving average is $78.84. The company has a market cap of $41.99 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIGGet Free Report) last released its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter last year, the company earned $1.30 earnings per share. Equities research analysts anticipate that American International Group will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio is presently 33.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after purchasing an additional 7,117,583 shares in the last quarter. Capital Research Global Investors lifted its holdings in American International Group by 79.6% during the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after purchasing an additional 12,645,616 shares during the last quarter. Wellington Management Group LLP boosted its position in American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after buying an additional 1,899,203 shares in the last quarter. Franklin Resources Inc. grew its stake in American International Group by 36.9% during the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after buying an additional 4,210,363 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after buying an additional 499,330 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Key Stories 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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