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

Shares of American International Group, Inc. (NYSE:AIGGet Free Report) have earned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the firm, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $87.3158.

A number of research firms have issued reports on AIG. Barclays reduced their target price on shares of American International Group from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Keefe, Bruyette & Woods raised their target price on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday. TD Cowen boosted their price target on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Wells Fargo & Company increased their price objective on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Bank of America cut their price objective on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th.

Check Out Our Latest Stock Report on AIG

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Capital Research Global Investors increased its stake in shares of American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after purchasing an additional 12,645,616 shares during the period. Norges Bank acquired a new stake in American International Group in the 2nd quarter valued at approximately $787,724,000. Vanguard Group Inc. increased its position in American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after buying an additional 7,117,583 shares during the period. Franklin Resources Inc. lifted its holdings in shares of American International Group by 36.9% during the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after buying an additional 4,210,363 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after acquiring an additional 1,899,203 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 0.7%

Shares of NYSE:AIG opened at $78.26 on Monday. The firm has a fifty day moving average of $78.89 and a two-hundred day moving average of $78.84. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group has a 12-month low of $71.25 and a 12-month high of $88.07. The firm has a market capitalization of $41.99 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.60 and a beta of 0.61.

American International Group (NYSE:AIGGet Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same period last year, the company earned $1.30 earnings per share. On average, equities analysts expect that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s dividend payout ratio is currently 33.21%.

American International Group News Summary

Here are the key news stories impacting American International Group this week:

About American International Group

(Get Free Report)

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.

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Analyst Recommendations for American International Group (NYSE:AIG)

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