American International Group (NYSE:AIG) Given New $86.00 Price Target at UBS Group

American International Group (NYSE:AIG) had its target price reduced by UBS Group from $88.00 to $86.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

A number of other equities research analysts have also recently issued reports on the stock. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and an average price target of $83.94.

American International Group Price Performance

American International Group stock opened at $75.37 on Tuesday. The company’s fifty day moving average price is $73.45 and its 200 day moving average price is $74.40. American International Group has a 1 year low of $68.04 and a 1 year high of $80.83. The stock has a market capitalization of $47.02 billion, a P/E ratio of -22.23, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. As a group, equities research analysts anticipate that American International Group will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.12%. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

Insider Activity at American International Group

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Institutional Trading of American International Group

A number of institutional investors and hedge funds have recently bought and sold shares of AIG. Creative Planning increased its stake in American International Group by 20.6% during the third quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock worth $3,663,000 after purchasing an additional 8,556 shares during the period. Blue Trust Inc. increased its stake in American International Group by 181.0% during the third quarter. Blue Trust Inc. now owns 4,019 shares of the insurance provider’s stock worth $298,000 after purchasing an additional 2,589 shares during the period. OLD National Bancorp IN purchased a new stake in shares of American International Group during the third quarter worth approximately $432,000. Cetera Trust Company N.A increased its stake in shares of American International Group by 397.4% during the third quarter. Cetera Trust Company N.A now owns 11,569 shares of the insurance provider’s stock worth $847,000 after buying an additional 9,243 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of American International Group by 2.0% during the third quarter. Sequoia Financial Advisors LLC now owns 20,336 shares of the insurance provider’s stock worth $1,489,000 after buying an additional 396 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.