Mizuho Forecasts Strong Price Appreciation for American International Group (NYSE:AIG) Stock

American International Group (NYSE:AIG) had its target price boosted by investment analysts at Mizuho from $83.00 to $86.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price objective suggests a potential upside of 7.79% from the company’s current price.

Several other research firms have also commented on AIG. Wall Street Zen lowered shares of American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler reduced their target price on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Bank of America dropped their price target on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. HSBC upped their price objective on American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, TD Cowen lifted their target price on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.58.

American International Group Trading Up 0.5%

NYSE AIG opened at $79.78 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $42.81 billion, a P/E ratio of 14.72, a PEG ratio of 0.61 and a beta of 0.61. The business has a fifty day simple moving average of $78.95 and a 200 day simple moving average of $78.87. American International Group has a 12 month low of $71.25 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.55 billion during 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 quarter in the prior year, the business posted $1.30 EPS. On average, analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

Hedge Funds Weigh In On American International Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV raised its position in shares of American International Group by 4.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 71,029 shares of the insurance provider’s stock valued at $6,076,000 after purchasing an additional 3,332 shares during the period. EP Wealth Advisors LLC purchased a new position in American International Group in the 4th quarter valued at approximately $836,000. Strong Retirement Solutions LLC bought a new stake in American International Group during the 4th quarter valued at $341,000. Empowered Funds LLC raised its holdings in American International Group by 15.5% during the 4th quarter. Empowered Funds LLC now owns 24,421 shares of the insurance provider’s stock valued at $2,089,000 after acquiring an additional 3,273 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of American International Group during the fourth quarter worth $212,000. Institutional investors own 90.60% of the company’s stock.

About American International Group

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.