Mizuho Lowers American International Group (NYSE:AIG) Price Target to $83.00

American International Group (NYSE:AIG) had its price objective cut by research analysts at Mizuho from $84.00 to $83.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price objective would indicate a potential upside of 12.16% from the stock’s previous close.

AIG has been the topic of a number of other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $91.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Cantor Fitzgerald cut their target price on American International Group from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group lifted their price target on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, UBS Group increased their price objective on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.68.

American International Group Stock Up 1.3%

American International Group stock opened at $74.00 on Wednesday. The stock has a 50 day moving average of $79.71 and a two-hundred day moving average of $79.89. American International Group has a twelve month low of $71.74 and a twelve month high of $88.07. The stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.70 and a beta of 0.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the previous year, the company posted $1.23 earnings per share. As a group, research analysts expect that American International Group will post 6.24 earnings per share for the current year.

Institutional Investors Weigh In On American International Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Aaron Wealth Advisors LLC raised its position in American International Group by 2.4% during the second quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after acquiring an additional 126 shares during the last quarter. Monument Capital Management increased its stake in shares of American International Group by 3.5% during the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 129 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after purchasing an additional 129 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after buying an additional 130 shares in the last quarter. Finally, First Bank & Trust grew its holdings in American International Group by 2.2% during the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after buying an additional 131 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.