American International Group, Inc. (NYSE:AIG) Given Consensus Recommendation of “Hold” by Brokerages

American International Group, Inc. (NYSE:AIG) has earned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $87.9412.

Several analysts have recently weighed in on AIG shares. Bank of America dropped their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Evercore dropped their target price on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. The Goldman Sachs Group raised American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, March 5th. Jefferies Financial Group raised their price target on shares of 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, UBS Group decreased their price target on shares of American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th.

American International Group Stock Up 1.3%

AIG stock opened at $76.40 on Tuesday. 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. American International Group has a 12 month low of $71.25 and a 12 month high of $87.46. The firm has a 50-day moving average of $76.82 and a two-hundred day moving average of $78.23.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. As a group, analysts forecast 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, March 16th. American International Group’s dividend payout ratio (DPR) is presently 33.21%.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently modified their holdings of AIG. Rockefeller Capital Management L.P. raised its stake in American International Group by 33.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 55,212 shares of the insurance provider’s stock worth $4,723,000 after acquiring an additional 13,844 shares in the last quarter. World Investment Advisors raised its stake in American International Group by 5.0% during the 4th quarter. World Investment Advisors now owns 10,755 shares of the insurance provider’s stock worth $920,000 after acquiring an additional 512 shares in the last quarter. Corient Private Wealth LLC grew its position in American International Group by 17.9% during the 4th quarter. Corient Private Wealth LLC now owns 271,928 shares of the insurance provider’s stock worth $23,264,000 after purchasing an additional 41,310 shares during the last quarter. Pure Financial Advisors LLC purchased a new position in American International Group during the 4th quarter worth $257,000. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of American International Group in the fourth quarter valued at about $202,000. 90.60% of the stock is currently 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.