Jefferies Financial Group Forecasts Strong Price Appreciation for American International Group (NYSE:AIG) Stock

American International Group (NYSE:AIG) had its target price increased by stock analysts at Jefferies Financial Group from $90.00 to $95.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 15.81% from the stock’s current price.

AIG has been the topic of several other research reports. Morgan Stanley upped their price target on American International Group from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets lifted their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average target price of $87.65.

American International Group Stock Performance

NYSE:AIG opened at $82.03 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The firm has a market cap of $48.85 billion, a PE ratio of -39.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The business has a 50 day moving average price of $80.41 and a 200-day moving average price of $76.67.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Equities research analysts predict that American International Group will post 6.24 earnings per share for the current year.

Insider Transactions at American International Group

In other news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On American International Group

Institutional investors have recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in shares of American International Group during the 4th quarter valued at approximately $25,000. Asset Planning Inc bought a new position in American International Group during the fourth quarter valued at $26,000. Ameriflex Group Inc. bought a new position in American International Group during the fourth quarter valued at $29,000. BankPlus Trust Department bought a new stake in shares of American International Group in the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of American International Group during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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.