American International Group, Inc. (NYSE:AIG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $84.80.

Several equities research analysts have weighed in on AIG shares. Piper Sandler lowered their price objective on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Jefferies Financial Group upped their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Barclays initiated coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price for the company. Bank of America lifted their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc purchased a new position in shares of American International Group during the 3rd quarter worth about $26,000. Y.D. More Investments Ltd bought a new position in American International Group in the second quarter worth approximately $27,000. Fortitude Family Office LLC lifted its stake in shares of American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 239 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter valued at about $29,000. Finally, Versant Capital Management Inc boosted its holdings in shares of American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

NYSE AIG opened at $76.06 on Friday. American International Group has a twelve month low of $64.54 and a twelve month high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $47.44 billion, a PE ratio of -22.44, a P/E/G ratio of 7.45 and a beta of 1.05. The stock has a 50-day simple moving average of $75.50 and a 200 day simple moving average of $75.62.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the business posted $1.61 earnings per share. Research analysts anticipate that American International Group will post 5.13 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

About American International Group

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.