Piper Sandler Reaffirms Neutral Rating for American International Group (NYSE:AIG)

American International Group (NYSE:AIG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Piper Sandler in a report released on Wednesday, MarketBeat.com reports. They currently have a $80.00 target price on the insurance provider’s stock, down from their prior target price of $88.00. Piper Sandler’s price target points to a potential upside of 2.68% from the stock’s previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets lifted their price target on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. The Goldman Sachs Group upped their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Bank of America cut their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. UBS Group lifted their target price on shares of American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley decreased their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.00.

American International Group Stock Performance

Shares of American International Group stock opened at $77.91 on Wednesday. The business’s 50 day moving average price is $76.34 and its 200 day moving average price is $76.69. The company has a market cap of $41.31 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.70 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $1.17 EPS. On average, research analysts predict that American International Group will post 8 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter valued at $27,000. Navalign LLC acquired a new position in American International Group during the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new position in American International Group during the 4th quarter worth about $29,000. SHP Wealth Management purchased a new position in American International Group during the 4th quarter valued at about $34,000. Finally, Aventura Private Wealth LLC purchased a new position in American International Group during the 4th quarter valued at about $39,000. 90.60% of the stock is currently 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.