Mizuho Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its target price hoisted by Mizuho from $83.00 to $86.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company raised their price objective on shares of American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Evercore reduced their target price on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Barclays decreased their price target on shares of 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, American International Group has a consensus rating of “Hold” and a consensus price target of $87.58.

American International Group Trading Up 1.3%

NYSE:AIG opened at $79.25 on Tuesday. The company has a market cap 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 has a 12 month low of $71.25 and a 12 month high of $88.07. 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 company has a 50 day simple moving average of $78.98 and a two-hundred day simple moving average of $78.86.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same quarter in the previous year, the company posted $1.30 earnings per share. Research analysts forecast 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 will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given 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 is Monday, March 16th. American International Group’s dividend payout ratio (DPR) is presently 33.21%.

Institutional Trading of American International Group

Several institutional investors have recently made changes to their positions in the business. Freestone Grove Partners LP purchased a new position in American International Group in the 4th quarter worth approximately $1,921,000. Schonfeld Strategic Advisors LLC raised its position in shares of American International Group by 520.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 73,810 shares of the insurance provider’s stock valued at $6,314,000 after buying an additional 61,912 shares during the last quarter. Gillson Capital LP purchased a new position in shares of American International Group in the fourth quarter worth $19,411,000. Integrated Advisors Network LLC boosted its position in shares of American International Group by 7.4% during the fourth quarter. Integrated Advisors Network LLC now owns 13,666 shares of the insurance provider’s stock worth $1,169,000 after acquiring an additional 943 shares during the last quarter. Finally, DV Equities LLC purchased a new position in American International Group during the fourth quarter valued at $65,000. 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.