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

Shares of American International Group, Inc. (NYSE:AIG) have earned an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $84.31.

Several equities analysts have recently issued reports on AIG shares. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. UBS Group cut their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, BMO Capital Markets raised their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price 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 trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new stake in American International Group in the 4th quarter valued at approximately $25,000. Asset Planning Inc bought a new stake in shares of American International Group in the fourth quarter worth $26,000. Ameriflex Group Inc. bought a new stake in shares of American International Group in the fourth quarter worth $29,000. True Wealth Design LLC bought a new position in American International Group in the third quarter valued at $29,000. Finally, BankPlus Trust Department bought a new position in American International Group in the fourth quarter valued at $36,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Up 0.5 %

AIG opened at $84.60 on Friday. American International Group has a 1-year low of $69.00 and a 1-year high of $85.11. The firm has a 50-day moving average price of $78.36 and a two-hundred day moving average price of $75.83. The stock has a market capitalization of $50.19 billion, a PE ratio of -40.67, a PEG ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.89%. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

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.