Cantor Fitzgerald Raises American International Group (NYSE:AIG) Price Target to $81.00

American International Group (NYSE:AIG) had its target price raised by investment analysts at Cantor Fitzgerald from $77.00 to $81.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 1.53% from the company’s previous close.

AIG has been the topic of several other reports. Mizuho increased their price target on shares of American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday. Jefferies Financial Group increased their target price on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Piper Sandler reduced their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Finally, HSBC lifted their target price on American International Group from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.58.

American International Group Trading Up 0.5%

Shares of American International Group stock opened at $79.78 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The business has a fifty day simple moving average of $78.95 and a two-hundred day simple moving average of $78.87. American International Group has a 1 year low of $71.25 and a 1 year high of $88.07. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.61 and a beta of 0.61.

American International Group (NYSE:AIG) last issued its quarterly earnings data 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. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same period in the prior year, the firm earned $1.30 earnings per share. Research analysts forecast that American International Group will post 6.24 EPS for the current year.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently made changes to their positions in AIG. Modus Advisors LLC bought a new position in American International Group in the fourth quarter valued at approximately $27,000. Navalign LLC bought a new position in shares of American International Group in the 4th quarter valued at $29,000. Westfuller Advisors LLC bought a new position in shares of American International Group in the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp raised its holdings in shares of American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after buying an additional 355 shares in the last quarter. Finally, Eastern Bank lifted its position in shares of American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after buying an additional 371 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.