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

American International Group, Inc. (NYSE:AIG) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $87.88.

A number of analysts have recently issued reports on the company. Barclays lifted their price target on American International Group from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. BMO Capital Markets lifted their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lifted their price target on American International Group to $91.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their price target on American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Finally, Morgan Stanley lifted their price target on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of American International Group

Several hedge funds and other institutional investors have recently bought and sold shares of AIG. Duncker Streett & Co. Inc. bought a new stake in American International Group in the fourth quarter valued at approximately $25,000. Asset Planning Inc bought a new stake in American International Group in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new stake in American International Group in the fourth quarter valued at approximately $29,000. Sachetta LLC lifted its position in American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 249 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in American International Group in the fourth quarter valued at approximately $36,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 1.3%

AIG stock opened at $84.34 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $48.60 billion, a PE ratio of -40.55, a PEG ratio of 1.01 and a beta of 0.69. American International Group has a twelve month low of $69.00 and a twelve month high of $88.07. The stock has a 50-day simple moving average of $82.47 and a two-hundred day simple moving average of $77.72.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same quarter in the previous year, the firm earned $1.25 EPS. On average, equities analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. American International Group’s payout ratio is presently -67.67%.

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.