American International Group Inc (NYSE:AIG) has earned a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $65.57.
AIG has been the subject of several recent research reports. Wells Fargo reiterated a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Bank of America upgraded American International Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $59.40 to $58.28 in a report on Friday, February 9th. Credit Suisse Group set a $73.00 price target on American International Group and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $76.00 price objective on shares of American International Group in a research report on Friday, December 22nd.
In other news, Director W Don Cornwell sold 2,500 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total transaction of $146,950.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Claudine Macartney sold 2,052 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $59.61, for a total transaction of $122,319.72. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Shares of NYSE AIG opened at $54.42 on Wednesday. American International Group has a 12-month low of $53.34 and a 12-month high of $67.30. The firm has a market capitalization of $49,112.36, a P/E ratio of 22.68, a P/E/G ratio of 0.90 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.25 and a quick ratio of 0.25.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same period last year, the company earned ($2.96) earnings per share. analysts forecast that American International Group will post 5.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were given a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.35%. American International Group’s payout ratio is currently 53.33%.
American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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