American International Group (NYSE:AIG) Price Target Increased to $79.00 by Analysts at Morgan Stanley

American International Group (NYSE:AIG) had its price objective increased by Morgan Stanley from $72.00 to $79.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

A number of other research analysts have also weighed in on the stock. Evercore ISI raised their price objective on shares of American International Group from $74.00 to $80.00 and gave the company an in-line rating in a research note on Thursday, April 11th. BMO Capital Markets dropped their price objective on shares of American International Group from $83.00 to $81.00 and set an outperform rating on the stock in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on shares of American International Group from $73.00 to $80.00 and gave the company a neutral rating in a research note on Monday, April 8th. UBS Group raised their price target on shares of American International Group from $83.00 to $84.00 and gave the company a buy rating in a research report on Thursday, February 22nd. Finally, HSBC started coverage on shares of American International Group in a research report on Thursday, December 28th. They set a buy rating and a $86.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $78.06.

American International Group Stock Down 0.9 %

Shares of NYSE AIG opened at $73.05 on Monday. The firm has a market cap of $49.74 billion, a PE ratio of 14.64, a P/E/G ratio of 1.04 and a beta of 1.03. American International Group has a 12-month low of $48.95 and a 12-month high of $78.95. The company’s fifty day simple moving average is $73.86 and its 200 day simple moving average is $68.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts forecast that American International Group will post 7.11 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.97%. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

Insider Transactions at American International Group

In other news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Inglis bought 659 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On American International Group

Hedge funds have recently bought and sold shares of the stock. OFI Invest Asset Management bought a new stake in American International Group during the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in American International Group during the first quarter valued at approximately $29,000. Headlands Technologies LLC bought a new stake in shares of American International Group in the 3rd quarter worth approximately $32,000. Neo Ivy Capital Management bought a new stake in shares of American International Group in the 4th quarter worth approximately $40,000. Finally, Scarborough Advisors LLC bought a new stake in shares of American International Group in the 4th quarter worth approximately $40,000. 90.60% of the stock is currently owned by institutional investors.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.