American International Group (NYSE:AIG) Given New $90.00 Price Target at JPMorgan Chase & Co.

American International Group (NYSE:AIG) had its target price raised by JPMorgan Chase & Co. from $86.00 to $90.00 in a report released on Monday,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

A number of other equities analysts also recently commented on AIG. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Citigroup increased their target price on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. HSBC reduced their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Bank of America decreased their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, BMO Capital Markets boosted their price objective on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. One research 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.22.

American International Group Trading Down 0.9%

NYSE:AIG opened at $79.77 on Monday. The company has a market cap of $42.29 billion, a PE ratio of 14.07, a P/E/G ratio of 0.74 and a beta of 0.53. The business’s 50 day moving average is $76.50 and its two-hundred day moving average is $76.61. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group has a 52 week low of $71.25 and a 52 week high of $87.29.

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

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is currently 35.27%.

Institutional Investors Weigh In On American International Group

A number of hedge funds have recently added to or reduced their stakes in AIG. Modus Advisors LLC bought a new position in shares of American International Group during the fourth quarter worth about $27,000. Navalign LLC bought a new stake in American International Group in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new stake in American International Group in the 4th quarter valued at about $29,000. SHP Wealth Management acquired a new position in American International Group during the 4th quarter valued at about $34,000. Finally, CENTRAL TRUST Co boosted its stake in American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 151 shares during the period. 90.60% of the stock is currently owned by institutional investors.

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.