Analysts Set American International Group, Inc. (NYSE:AIG) Target Price at $88.00

American International Group, Inc. (NYSE:AIG) has received an average recommendation of “Hold” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $88.00.

Several equities research analysts have recently issued reports on the company. Citigroup raised their price target on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. BMO Capital Markets boosted their price objective on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Mizuho raised their target price on American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Morgan Stanley lowered their target price on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th.

Hedge Funds Weigh In On American International Group

A number of institutional investors and hedge funds have recently bought and sold shares of AIG. Modus Advisors LLC acquired a new stake in American International Group in the 4th quarter worth $27,000. Navalign LLC bought a new position in shares of American International Group during the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group during the fourth quarter valued at about $29,000. SHP Wealth Management acquired a new position in shares of American International Group during the fourth quarter valued at about $34,000. Finally, CENTRAL TRUST Co lifted its stake in shares of American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of American International Group stock opened at $80.43 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $76.42 and a 200-day simple moving average of $76.72. The stock has a market capitalization of $42.65 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.74 and a beta of 0.53. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29.

American International Group (NYSE:AIG) last posted its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period last year, the business posted $1.17 EPS. On average, sell-side analysts expect that American International Group will post 8 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were given a $0.50 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. American International Group’s dividend payout ratio (DPR) is currently 35.27%.

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.