American International Group, Inc. (NYSE:AIG) Given Average Rating of “Moderate Buy” by Analysts

Shares of American International Group, Inc. (NYSE:AIG) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $77.35.

AIG has been the subject of a number of research analyst reports. HSBC began coverage on American International Group in a research report on Thursday, December 28th. They issued a “buy” rating and a $86.00 target price for the company. TD Cowen began coverage on American International Group in a research note on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price target for the company. Wells Fargo & Company lifted their price target on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group lifted their price target on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Evercore ISI lifted their price target on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday.

Insider Buying and Selling

In related news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred on 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 sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John C. Inglis purchased 659 shares of the stock in a transaction that occurred 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 acquisition, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rockland Trust Co. raised its holdings in American International Group by 1.6% during the 1st quarter. Rockland Trust Co. now owns 105,501 shares of the insurance provider’s stock valued at $8,247,000 after acquiring an additional 1,688 shares during the period. Gulf International Bank UK Ltd raised its holdings in American International Group by 0.6% during the 1st quarter. Gulf International Bank UK Ltd now owns 59,701 shares of the insurance provider’s stock valued at $4,666,000 after acquiring an additional 333 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in American International Group during the 1st quarter valued at $12,248,000. Aprio Wealth Management LLC bought a new stake in American International Group during the 1st quarter valued at $216,000. Finally, Park Avenue Securities LLC raised its holdings in American International Group by 3.4% during the 1st quarter. Park Avenue Securities LLC now owns 22,979 shares of the insurance provider’s stock valued at $1,796,000 after acquiring an additional 753 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of American International Group stock opened at $74.15 on Friday. American International Group has a one year low of $48.95 and a one year high of $78.95. The firm has a market capitalization of $50.49 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.10 and a beta of 1.03. The business has a 50-day simple moving average of $73.69 and a 200 day simple moving average of $67.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the company posted $1.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that American International Group will post 7.1 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.36 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.94%. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

American International Group Company Profile

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.