American International Group (NYSE:AIG) Given New $92.00 Price Target at UBS Group

American International Group (NYSE:AIG) had its price target lowered by UBS Group from $94.00 to $92.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the insurance provider’s stock.

Other equities analysts also recently issued research reports about the company. Evercore cut their target price on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Bank of America cut their price objective on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. The Goldman Sachs Group increased their target price on shares of American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Mizuho lifted their price target on shares of American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and a consensus price target of $87.58.

American International Group Price Performance

Shares of American International Group stock opened at $79.25 on Tuesday. The firm has a market cap of $42.52 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.60 and a beta of 0.61. The firm’s 50-day simple moving average is $78.98 and its 200-day simple moving average is $78.86. American International Group has a twelve month low of $71.25 and a twelve month high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.

American International Group (NYSE:AIG) last posted its quarterly earnings results 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. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter in the prior year, the business posted $1.30 earnings per share. As a group, research analysts expect that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid 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 33.21%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in shares of American International Group during the third quarter worth $26,000. Modus Advisors LLC bought a new stake in American International Group during the 4th quarter worth about $27,000. Atlantic Union Bankshares Corp lifted its position in American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares during the period. Navalign LLC bought a new position in shares of American International Group in the 4th quarter valued at about $29,000. Finally, Eastern Bank boosted its stake in shares of American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Company Profile

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.