American International Group, Inc. (NYSE:AIG) Receives Average Rating of “Hold” from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $88.0556.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Morgan Stanley dropped their price objective on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Cantor Fitzgerald increased their price objective on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Bank of America dropped their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th.

American International Group Stock Performance

Shares of AIG stock opened at $77.23 on Wednesday. American International Group has a one year low of $71.25 and a one year high of $87.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day moving average price of $76.20 and a 200 day moving average price of $77.61. The firm has a market capitalization of $40.95 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.71 and a beta of 0.53.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. Sell-side analysts anticipate that American International Group will post 7.97 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s dividend payout ratio (DPR) is currently 31.75%.

Institutional Investors Weigh In On American International Group

Large investors have recently made changes to their positions in the business. Modus Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter worth $27,000. Atlantic Union Bankshares Corp increased its position in shares of American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares in the last quarter. Navalign LLC acquired a new stake in shares of American International Group in the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of American International Group in the fourth quarter worth $29,000. Finally, SHP Wealth Management acquired a new stake in shares of American International Group in the fourth quarter worth $34,000. Institutional investors and hedge funds 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.