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

Shares of American International Group, Inc. (NYSE:AIG) have earned an average rating of “Hold” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Twelve analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $88.00.

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of American International Group from $85.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. cut their target price on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. BMO Capital Markets boosted their price target on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. HSBC decreased their price target on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $98.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th.

Institutional Trading of American International Group

A number of institutional investors have recently made changes to their positions in AIG. Nordea Investment Management AB boosted its position in shares of American International Group by 129.9% in the fourth quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock worth $11,695,000 after buying an additional 76,874 shares during the period. Cypress Wealth Services LLC purchased a new position in shares of American International Group during the fourth quarter valued at $1,269,000. Mirae Asset Global Investments Co. Ltd. raised its position in American International Group by 20.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock valued at $7,608,000 after buying an additional 15,116 shares during the period. Board of the Pension Protection Fund raised its position in American International Group by 296.1% during the fourth quarter. Board of the Pension Protection Fund now owns 20,200 shares of the insurance provider’s stock valued at $1,728,000 after buying an additional 15,100 shares during the period. Finally, Norges Bank purchased a new stake in American International Group in the 4th quarter worth about $636,782,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

AIG stock opened at $76.70 on Thursday. 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 stock has a market capitalization of $40.67 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.72 and a beta of 0.53. American International Group has a 1 year low of $71.25 and a 1 year high of $87.29. The stock’s fifty day moving average is $76.31 and its two-hundred day moving average is $76.75.

American International Group (NYSE:AIG) last released 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 business 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 firm earned $1.17 earnings per share. On average, research analysts predict that American International Group will post 8 EPS for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is 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.