American International Group (NYSE:AIG) Stock Rating Upgraded by Wall Street Zen

American International Group (NYSE:AIG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other research firms have also weighed in on AIG. Piper Sandler dropped their target price on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup initiated coverage on shares of American International Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a report on Saturday, September 27th. William Blair upgraded shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.31.

American International Group Stock Performance

American International Group stock opened at $81.05 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $79.30 and a 200-day moving average of $81.69. The firm has a market cap of $44.90 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.86 and a beta of 0.68. American International Group has a 1-year low of $69.24 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the prior year, the business posted $1.16 earnings per share. Sell-side analysts expect that American International Group will post 6.24 EPS for the current year.

Hedge Funds Weigh In On American International Group

A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group during the second quarter valued at approximately $32,000. Sachetta LLC increased its stake in shares of American International Group by 194.5% during 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 in the last quarter. GFG Capital LLC bought a new position in shares of American International Group during the second quarter valued at approximately $33,000. Barrett & Company Inc. bought a new position in shares of American International Group during the second quarter valued at approximately $35,000. Finally, NewSquare Capital LLC increased its stake in shares of American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 154 shares in the last quarter. 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.