American International Group Inc (AIG) Given Consensus Rating of “Buy” by Brokerages

American International Group Inc (NYSE:AIG) has earned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $61.57.

A number of brokerages have issued reports on AIG. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Argus reduced their price objective on American International Group from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. JPMorgan Chase & Co. set a $55.00 price objective on American International Group and gave the company a “hold” rating in a research note on Thursday, November 1st. Deutsche Bank upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd.

NYSE:AIG traded up $0.32 during trading on Thursday, reaching $44.75. The company’s stock had a trading volume of 1,151,435 shares, compared to its average volume of 9,581,046. The company has a market capitalization of $39.72 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.26 and a quick ratio of 0.28. American International Group has a 12 month low of $39.29 and a 12 month high of $65.05.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.40). The business had revenue of $12 billion during the quarter, compared to the consensus estimate of $12.44 billion. American International Group had a negative net margin of 12.73% and a positive return on equity of 3.44%. During the same quarter last year, the company earned ($1.22) EPS. Sell-side analysts anticipate that American International Group will post 2.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, December 11th. This represents a $1.28 annualized dividend and a dividend yield of 2.86%. American International Group’s payout ratio is 53.33%.

Several hedge funds have recently bought and sold shares of the company. FMR LLC grew its stake in shares of American International Group by 56.3% during the 2nd quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock worth $1,199,393,000 after acquiring an additional 8,149,702 shares during the period. Macquarie Group Ltd. grew its stake in shares of American International Group by 38,370.8% during the 2nd quarter. Macquarie Group Ltd. now owns 12,733,842 shares of the insurance provider’s stock worth $675,148,000 after acquiring an additional 12,700,742 shares during the period. Boston Partners grew its stake in shares of American International Group by 82.5% during the 2nd quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock worth $650,077,000 after acquiring an additional 5,543,692 shares during the period. Northern Trust Corp grew its stake in shares of American International Group by 4.8% during the 2nd quarter. Northern Trust Corp now owns 10,430,195 shares of the insurance provider’s stock worth $553,009,000 after acquiring an additional 479,380 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of American International Group by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,413,923 shares of the insurance provider’s stock worth $499,125,000 after acquiring an additional 81,229 shares during the period. Institutional investors own 89.24% of the company’s stock.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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Analyst Recommendations for American International Group (NYSE:AIG)

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