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

American International Group (NYSE:AIG) had its price target decreased by equities research analysts at UBS Group from $94.00 to $92.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. UBS Group’s target price points to a potential upside of 15.31% from the company’s previous close.

Several other equities analysts have also recently weighed in on AIG. TD Cowen lifted their price objective on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Royal Bank Of Canada assumed coverage on shares of American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Piper Sandler cut their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Finally, Cantor Fitzgerald increased their price objective on shares of American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has 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.com, the company presently has a consensus rating of “Hold” and an average target price of $87.58.

American International Group Stock Up 0.5%

Shares of NYSE:AIG opened at $79.78 on Tuesday. The company has a 50 day moving average price of $78.95 and a two-hundred day moving average price of $78.87. The company has a market capitalization of $42.81 billion, a PE ratio of 14.72, a PEG ratio of 0.61 and a beta of 0.61. American International Group has a 52 week low of $71.25 and a 52 week high of $88.07. 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 (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The company 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 previous year, the business earned $1.30 EPS. Analysts forecast that American International Group will post 6.24 earnings per share for the current year.

Institutional Investors Weigh In On American International Group

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of American International Group in the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC raised its holdings in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares during the period. Private Trust Co. NA lifted its position in American International Group by 36.0% during the second quarter. Private Trust Co. NA now owns 3,880 shares of the insurance provider’s stock worth $332,000 after acquiring an additional 1,027 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of American International Group by 10.7% in the second quarter. Chicago Partners Investment Group LLC now owns 5,109 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 493 shares during the last quarter. Finally, Journey Advisory Group LLC bought a new position in shares of American International Group during the second quarter worth approximately $240,000. Institutional investors own 90.60% of the company’s stock.

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.