The Goldman Sachs Group Reaffirms “Neutral” Rating for American International Group (NYSE:AIG)

American International Group (NYSE:AIG)‘s stock had its “neutral” rating reiterated by stock analysts at The Goldman Sachs Group in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a $79.00 price target on the insurance provider’s stock, down from their prior price target of $83.00. The Goldman Sachs Group’s price target would suggest a potential upside of 10.77% from the stock’s previous close.

Other equities analysts have also issued reports about the company. UBS Group increased their price objective on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Jefferies Financial Group raised their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, Evercore ISI lowered their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.06.

American International Group Stock Performance

AIG stock opened at $71.32 on Wednesday. American International Group has a 1 year low of $66.06 and a 1 year high of $80.83. The stock has a market capitalization of $44.49 billion, a price-to-earnings ratio of -21.04, a PEG ratio of 7.30 and a beta of 1.06. 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’s fifty day moving average is $74.28 and its two-hundred day moving average is $74.76.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. On average, research analysts predict that American International Group will post 5.12 EPS for the current year.

Institutional Investors Weigh In On American International Group

A number of institutional investors and hedge funds have recently modified their holdings of AIG. Christopher J. Hasenberg Inc purchased a new position in American International Group in the 3rd quarter worth about $26,000. Y.D. More Investments Ltd acquired a new position in shares of American International Group in the second quarter worth about $27,000. True Wealth Design LLC purchased a new position in shares of American International Group in the third quarter worth approximately $29,000. Continuum Advisory LLC raised its holdings in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at approximately $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile

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.