American International Group (NYSE:AIG) Receives “Neutral” Rating from Piper Sandler

Piper Sandler restated their neutral rating on shares of American International Group (NYSE:AIG) in a report released on Wednesday, Marketbeat reports. They currently have a $80.00 price objective on the insurance provider’s stock, down from their prior price objective of $88.00.

Several other research analysts have also weighed in on the stock. Cantor Fitzgerald raised shares of American International Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $85.00 to $92.00 in a research note on Thursday, July 9th. The Goldman Sachs Group increased their target price on shares of American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. 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 report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $98.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.00.

American International Group Trading Down 2.9%

NYSE:AIG opened at $76.70 on Wednesday. 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 1-year low of $71.25 and a 1-year high of $87.29. The firm 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. The business’s 50-day moving average price is $76.31 and its two-hundred day moving average price is $76.75.

American International Group (NYSE:AIG) last posted its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the previous year, the company earned $1.17 EPS. On average, equities analysts expect that American International Group will post 8 earnings per share for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. American International Group’s dividend payout ratio is currently 35.27%.

Institutional Investors Weigh In On American International Group

Several large investors have recently made changes to their positions in AIG. Geneos Wealth Management Inc. grew its holdings in American International Group by 2.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after purchasing an additional 129 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after buying an additional 130 shares during the period. Larson Financial Group LLC raised its stake in shares of American International Group by 12.6% in the fourth quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock valued at $107,000 after buying an additional 140 shares during the period. GW&K Investment Management LLC lifted its position in shares of American International Group by 8.1% during the 4th quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock valued at $164,000 after buying an additional 144 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of American International Group by 1.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock valued at $831,000 after buying an additional 146 shares during the last quarter. 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.