American International Group (NYSE:AIG) Price Target Raised to $81.00 at Cantor Fitzgerald

American International Group (NYSE:AIG) had its price target raised by Cantor Fitzgerald from $77.00 to $81.00 in a research report sent to investors on Tuesday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the insurance provider’s stock.

Other research analysts have also recently issued research reports about the company. Barclays cut their price objective on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Bank of America reduced their price objective on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Jefferies Financial Group increased their price objective on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Mizuho upped their price target on American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.58.

American International Group Stock Performance

Shares of AIG stock opened at $79.25 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $78.98 and a two-hundred day simple moving average of $78.86. 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 $42.52 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.60 and a beta of 0.61.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period last year, the company earned $1.30 earnings per share. Analysts forecast that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

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

Institutional Trading of American International Group

Several institutional investors and hedge funds have recently made changes to their positions in AIG. Vanguard Group Inc. increased its stake in American International Group by 11.6% in the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after acquiring an additional 7,117,583 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after purchasing an additional 12,645,616 shares during the period. Wellington Management Group LLP boosted its stake in shares of American International Group by 7.9% during 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 purchasing an additional 1,899,203 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of American International Group by 39.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after purchasing an additional 4,661,246 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of American International Group by 36.9% in 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 period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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.