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

Shares of American International Group, Inc. (NYSE:AIG) have earned an average rating of “Hold” from the twenty-one brokerages that are presently covering the firm, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $88.2222.

A number of equities analysts have weighed in on AIG shares. Bank of America lowered their price target on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 16th. Royal Bank Of Canada started coverage on American International Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price objective for the company. Wells Fargo & Company lifted their target price on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Finally, Evercore dropped their price target on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd.

American International Group Stock Performance

Shares of AIG stock opened at $76.39 on Friday. The company has a fifty day moving average price of $76.86 and a two-hundred day moving average price of $78.81. American International Group has a one year low of $71.25 and a one year high of $88.07. The stock has a market cap of $40.99 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same period in the previous year, the business earned $1.30 EPS. As a group, equities analysts predict that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business 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 $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. American International Group’s dividend payout ratio is presently 33.21%.

Institutional Trading of American International Group

A number of hedge funds have recently modified their holdings of the stock. Capital Research Global Investors raised its holdings in American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after acquiring an additional 12,645,616 shares during the period. Norges Bank bought a new stake in shares of American International Group during the second quarter worth approximately $787,724,000. Vanguard Group Inc. boosted its holdings in shares of American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares during the period. Price T Rowe Associates Inc. MD grew its position 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 valued at $1,400,613,000 after purchasing an additional 4,661,246 shares during the last quarter. Finally, Franklin Resources Inc. grew its position 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 valued at $1,336,147,000 after purchasing an additional 4,210,363 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

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.