American International Group (NYSE:AIG) Given New $84.00 Price Target at Mizuho

American International Group (NYSE:AIG) had its target price cut by Mizuho from $86.00 to $84.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Other research analysts have also issued reports about the company. 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 research report on Tuesday, February 17th. TD Cowen boosted their price target on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Bank of America reduced their target price 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. Jefferies Financial Group upped their target price on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Evercore reduced their target price on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Hold” and an average price target of $87.47.

American International Group Trading Up 1.3%

AIG opened at $77.85 on Monday. The firm has a market cap of $41.80 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.59 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. American International Group has a 12 month low of $71.25 and a 12 month high of $87.46. The stock has a fifty day moving average price of $77.13 and a 200-day moving average price of $78.24.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 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 return on equity of 9.79% and a net margin of 11.56%.During the same period in the previous year, the company posted $1.30 EPS. As a group, equities research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio is currently 33.21%.

Institutional Trading of American International Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Westfuller Advisors LLC acquired a new stake in American International Group during the third quarter worth about $26,000. Modus Advisors LLC acquired a new stake in American International Group during the fourth quarter worth about $27,000. Atlantic Union Bankshares Corp grew its holdings in American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares during the period. Navalign LLC acquired a new stake in American International Group during the fourth quarter worth about $29,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in American International Group during the fourth quarter worth about $29,000. 90.60% of the stock is owned by institutional investors and hedge funds.

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.