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

American International Group, Inc. (NYSE:AIG) has been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $88.12.

AIG has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their price objective on American International Group from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction dated 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 sale, the executive vice president directly owned 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On American International Group

Institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock worth $15,807,000 after buying an additional 115,706 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after buying an additional 4,468 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in American International Group by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock worth $1,445,000 after buying an additional 355 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in American International Group by 34.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider’s stock worth $813,000 after buying an additional 2,874 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in American International Group by 18.6% in the 1st quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider’s stock worth $1,146,000 after buying an additional 2,069 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of AIG stock opened at $82.58 on Friday. The firm has a market capitalization of $47.59 billion, a price-to-earnings ratio of -31.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average of $83.77 and a 200 day moving average of $79.96. American International Group has a 1 year low of $69.00 and a 1 year high of $88.07.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.13. The company 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 7.13% and a negative net margin of 7.05%. During the same quarter last year, the business posted $1.25 EPS. As a group, research analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. American International Group’s dividend payout ratio (DPR) is -67.67%.

About American International Group

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.