American International Group (NYSE:AIG) Given New $86.00 Price Target at The Goldman Sachs Group

American International Group (NYSE:AIG) had its price objective hoisted by The Goldman Sachs Group from $85.00 to $86.00 in a research report sent to investors on Monday,MarketScreener reports. The brokerage currently has a neutral rating on the insurance provider’s stock.

Other equities analysts also recently issued research reports about the company. Evercore ISI lifted their price objective on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Piper Sandler cut their price target on American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Citigroup started coverage on shares of American International Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price objective for the company. Finally, Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.25.

American International Group Price Performance

NYSE:AIG opened at $83.00 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a market cap of $45.98 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.87 and a beta of 0.68. American International Group has a 12 month low of $69.24 and a 12 month high of $88.07. The company’s 50-day moving average price is $79.37 and its two-hundred day moving average price is $81.67.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $1.16 earnings per share. On average, equities analysts anticipate that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. American International Group’s payout ratio is currently 34.09%.

Hedge Funds Weigh In On American International Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of American International Group during the 4th quarter valued at $1,091,000. NBC Securities Inc. acquired a new stake in shares of American International Group during the first quarter worth $47,000. RFG Advisory LLC bought a new stake in American International Group in the first quarter valued at about $217,000. Sivia Capital Partners LLC bought a new stake in American International Group in the first quarter valued at about $336,000. Finally, Wedmont Private Capital lifted its stake in American International Group by 3.2% in the first quarter. Wedmont Private Capital now owns 13,438 shares of the insurance provider’s stock valued at $1,102,000 after buying an additional 420 shares during the period. 90.60% of the stock is owned by institutional investors.

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.