Brokerages Set American International Group Inc (AIG) Price Target at $66.15

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.

How to Become a New Pot Stock Millionaire

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.

Several hedge funds have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of American International Group by 121.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after purchasing an additional 8,586,682 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of American International Group by 5.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 12,151,681 shares of the insurance provider’s stock worth $723,997,000 after purchasing an additional 611,404 shares during the last quarter. Boston Partners lifted its position in shares of American International Group by 15.2% during the fourth quarter. Boston Partners now owns 9,024,337 shares of the insurance provider’s stock worth $537,670,000 after purchasing an additional 1,188,645 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of American International Group by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,984,065 shares of the insurance provider’s stock worth $535,269,000 after purchasing an additional 137,210 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its position in shares of American International Group by 39.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 8,865,081 shares of the insurance provider’s stock worth $528,182,000 after purchasing an additional 2,510,464 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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%.

TRADEMARK VIOLATION WARNING: This report was originally published by WKRB News and is owned by of WKRB News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.wkrb13.com/2018/03/31/brokerages-set-american-international-group-inc-aig-price-target-at-66-15.html.

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.

Analyst Recommendations for American International Group (NYSE:AIG)

Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply