American International Group (NYSE:AIG) Price Target Lowered to $82.00 at Morgan Stanley

American International Group (NYSE:AIG) had its target price cut by Morgan Stanley from $83.00 to $82.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have an equal weight rating on the insurance provider’s stock.

Other analysts have also recently issued reports about the company. Barclays reduced their price target on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Cantor Fitzgerald boosted their price target on American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Jefferies Financial Group boosted their price target on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. HSBC boosted their price target on American International Group from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Evercore reduced their price target on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.94.

American International Group Stock Up 1.3%

Shares of NYSE AIG opened at $76.40 on Monday. The company has a market cap of $41.02 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.58 and a beta of 0.59. 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 stock has a 50-day moving average price of $76.82 and a two-hundred day moving average price of $78.23. American International Group has a 12 month low of $71.25 and a 12 month high of $87.46.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $1.30 earnings per share. As a group, analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a $0.45 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. American International Group’s dividend payout ratio is presently 33.21%.

Hedge Funds Weigh In On American International Group

Several institutional investors have recently added to or reduced their stakes in AIG. Brighton Jones LLC acquired a new position in American International Group in the fourth quarter valued at approximately $1,091,000. Sivia Capital Partners LLC lifted its stake in American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after buying an additional 1,185 shares during the period. CW Advisors LLC lifted its stake in American International Group by 3.0% in the second quarter. CW Advisors LLC now owns 14,640 shares of the insurance provider’s stock valued at $1,253,000 after buying an additional 423 shares during the period. Baird Financial Group Inc. lifted its stake in American International Group by 27.4% in the second quarter. Baird Financial Group Inc. now owns 50,108 shares of the insurance provider’s stock valued at $4,289,000 after buying an additional 10,764 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in American International Group in the second quarter valued at approximately $217,000. 90.60% of the stock is owned by institutional investors and hedge funds.

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.