American International Group (NYSE:AIG) Price Target Raised to $89.00 at Mizuho

American International Group (NYSE:AIG) had its price target hoisted by Mizuho from $86.00 to $89.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the insurance provider’s stock.

AIG has been the topic of several other research reports. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. UBS Group raised their price objective on shares of American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley cut their price objective on 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. reduced 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. Finally, HSBC lowered their target price on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.44.

American International Group Trading Down 0.8%

NYSE:AIG opened at $79.01 on Thursday. The company has a market capitalization of $41.89 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.73 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group has a 52-week low of $71.25 and a 52-week high of $87.29. The stock has a fifty day simple moving average of $76.11 and a 200-day simple moving average of $76.97.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the company earned $1.17 EPS. On average, equities research analysts expect that American International Group will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were given a $0.50 dividend. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in American International Group by 2.6% in 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 last quarter. Westwood Holdings Group Inc. increased its stake in American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC increased its position in American International Group by 12.6% during the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 140 shares in the last quarter. GW&K Investment Management LLC raised its holdings in American International Group by 8.1% in the fourth 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 period. Finally, Kestra Private Wealth Services LLC lifted its holdings 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 acquiring an additional 146 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

More American International Group News

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Cantor Fitzgerald upgraded AIG to overweight and lifted its target to $92, saying Q1 momentum appears to be continuing. AIG raised to overweight at Cantor based on Q1 momentum continuing
• Positive Sentiment: UBS raised its target to $98 and kept a buy rating, calling for further upside in AIG shares. American International Group had its price target raised by UBS Group AG
• Positive Sentiment: Wells Fargo and Mizuho also increased their price targets to $89, reinforcing the bullish sentiment around AIG. American International Group had its price target raised by Wells Fargo & Company and Mizuho
• Neutral Sentiment: Recent commentary highlighted that AIG has already had a large rally, prompting questions about whether the stock can justify its valuation after a 92% run. Can American International Group (AIG) Justify Its Price After A 92% Run?
• Neutral Sentiment: Zacks published optimistic notes on AIG’s earnings-surprise history and dividend appeal, which may support investor interest but do not represent a direct catalyst. Why American International Group (AIG) is Poised to Beat Earnings Estimates Again

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.