American International Group, Inc. (NYSE:AIG) Receives $89.53 Average PT from Brokerages

by · The Markets Daily

American International Group, Inc. (NYSE:AIG – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $89.8125.

AIG has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group raised their target price on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Wolfe Research assumed coverage on shares of American International Group in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Piper Sandler cut their target price on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd.

Read Our Latest Stock Analysis on AIG

Institutional Trading of American International Group

A number of hedge funds have recently modified their holdings of the stock. Beacon Investment Advisory Services Inc. lifted its stake in shares of American International Group by 10.4% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 4,293 shares of the insurance provider’s stock worth $337,000 after buying an additional 403 shares during the last quarter. PFS Partners LLC lifted its stake in shares of American International Group by 4.3% during the 3rd quarter. PFS Partners LLC now owns 72,989 shares of the insurance provider’s stock worth $5,733,000 after buying an additional 2,978 shares during the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of American International Group by 16.2% during the 3rd quarter. Uncommon Cents Investing LLC now owns 3,295 shares of the insurance provider’s stock worth $259,000 after buying an additional 460 shares during the last quarter. Borer Denton & Associates Inc. raised its stake in American International Group by 12.1% in the 3rd quarter. Borer Denton & Associates Inc. now owns 31,070 shares of the insurance provider’s stock worth $2,440,000 after purchasing an additional 3,365 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in American International Group by 92.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,800 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 864 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $77.00 on Tuesday. The firm has a 50-day moving average of $80.02 and a 200-day moving average of $81.57. American International Group has a one year low of $69.24 and a one year high of $88.07. The company has a market cap of $42.66 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

American International Group (NYSE:AIG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the firm posted $1.16 EPS. As a group, equities analysts forecast that American International Group will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 34.09%.

About American International Group

(Get Free Report)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.

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