American International Group (NYSE:AIG) Price Target Increased to $63.00 by Analysts at Barclays

American International Group (NYSE:AIGGet Rating) had its price target raised by Barclays from $61.00 to $63.00 in a research note released on Tuesday, MarketBeat Ratings reports. They currently have an equal weight rating on the insurance provider’s stock.

Other analysts also recently issued reports about the company. Wolfe Research downgraded American International Group from an outperform rating to a market perform rating and set a $65.00 target price for the company. in a report on Thursday, February 10th. Wells Fargo & Company reduced their target price on American International Group from $59.00 to $58.00 and set an equal weight rating for the company in a report on Tuesday, January 4th. Finally, started coverage on American International Group in a research note on Thursday, March 31st. They set a hold rating for the company. Eight research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, American International Group presently has an average rating of Hold and an average target price of $63.33.

Shares of NYSE AIG opened at $62.45 on Tuesday. The company has a market capitalization of $50.35 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50-day moving average of $60.96 and a two-hundred day moving average of $58.71. American International Group has a 1 year low of $44.54 and a 1 year high of $64.90.

American International Group (NYSE:AIGGet Rating) last posted its earnings results on Wednesday, February 16th. The insurance provider reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.44. American International Group had a return on equity of 6.74% and a net margin of 18.03%. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $11.51 billion. During the same period in the previous year, the business earned $0.94 EPS. As a group, equities research analysts expect that American International Group will post 5.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, March 16th. American International Group’s payout ratio is 11.83%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIG. Equitec Proprietary Markets LLC acquired a new stake in shares of American International Group in the 4th quarter worth approximately $27,000. Clearstead Advisors LLC acquired a new stake in shares of American International Group in the 4th quarter worth approximately $29,000. SouthState Corp acquired a new stake in shares of American International Group in the 3rd quarter worth approximately $32,000. Herold Advisors Inc. acquired a new stake in shares of American International Group in the 3rd quarter worth approximately $35,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of American International Group by 138.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 657 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 382 shares during the period. Institutional investors own 90.30% of the company’s stock.

About American International Group (Get Rating)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

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Analyst Recommendations for American International Group (NYSE:AIG)

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