American International Group, Inc. (NYSE:AIG) Given Average Rating of “Hold” by Analysts

American International Group, Inc. (NYSE:AIG) has been given an average rating of “Hold” by the twenty-three analysts that are currently covering the firm, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $87.6842.

A number of research firms have recently weighed in on AIG. Morgan Stanley lowered their target price on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price target on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Barclays lowered their price objective on American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Bank of America cut their target price on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. Finally, Mizuho decreased their target price on shares of American International Group from $84.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th.

Institutional Trading of American International Group

Institutional investors have recently modified their holdings of the company. Vise Technologies Inc. purchased a new stake in shares of American International Group during the second quarter valued at approximately $858,000. Jupiter Asset Management Ltd. bought a new position in American International Group in the 2nd quarter valued at approximately $6,127,000. Patton Fund Management Inc. bought a new position in American International Group in the 2nd quarter valued at approximately $232,000. Meeder Asset Management Inc. boosted its stake in American International Group by 88.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock valued at $4,580,000 after purchasing an additional 27,431 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of American International Group by 132.6% in the 2nd quarter. Allworth Financial LP now owns 12,457 shares of the insurance provider’s stock worth $1,066,000 after purchasing an additional 7,101 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

AIG stock opened at $71.88 on Thursday. The firm has a market cap of $38.79 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.75 and a beta of 0.62. The firm’s fifty day moving average is $79.35 and its 200 day moving average is $79.54. American International Group has a 52 week low of $71.71 and a 52 week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. Research analysts predict that American International Group will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given a $0.45 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s payout ratio is presently 32.73%.

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.