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

Shares of American International Group, Inc. (NYSE:AIG) have earned an average rating of “Hold” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $87.7778.

A number of analysts recently weighed in on AIG shares. JPMorgan Chase & Co. decreased their price target 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. Bank of America decreased their price target 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. BMO Capital Markets upped their price target on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Mizuho upped their price target on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley decreased their price target 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.

Hedge Funds Weigh In On American International Group

Institutional investors have recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in American International Group in the 4th quarter worth $27,000. Navalign LLC acquired a new position in American International Group in the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new position in American International Group in the 4th quarter worth $29,000. SHP Wealth Management acquired a new position in American International Group in the 4th quarter worth $34,000. Finally, CENTRAL TRUST Co lifted its holdings in American International Group by 48.7% in the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 0.1%

Shares of American International Group stock opened at $74.10 on Friday. The company has a fifty day moving average price of $75.91 and a 200 day moving average price of $77.35. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group has a twelve month low of $71.25 and a twelve month high of $87.29. The stock has a market cap of $39.29 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.68 and a beta of 0.52.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.03 billion. During the same period in the prior year, the company earned $1.17 EPS. Equities research analysts forecast that American International Group will post 7.99 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

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.