American International Group (NYSE:AIG) PT Raised to $88.00 at UBS Group

American International Group (NYSE:AIG) had its target price boosted by equities researchers at UBS Group from $84.00 to $88.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. UBS Group’s target price would suggest a potential upside of 14.06% from the company’s current price.

Several other equities research analysts also recently commented on the company. Barclays initiated coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price for the company. TD Cowen dropped their target price on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company reduced their price target on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Tuesday, July 9th. Finally, Citigroup cut their target price on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.38.

American International Group Stock Performance

Shares of AIG opened at $77.15 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50 day moving average is $74.16 and its 200-day moving average is $75.48. American International Group has a 12-month low of $58.69 and a 12-month high of $80.83. The stock has a market capitalization of $51.20 billion, a P/E ratio of 11.51, a P/E/G ratio of 3.88 and a beta of 1.06.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts anticipate that American International Group will post 5.09 EPS for the current fiscal year.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American International Group

Hedge funds have recently bought and sold shares of the business. SageView Advisory Group LLC acquired a new position in shares of American International Group during the 4th quarter valued at about $208,000. HighPoint Advisor Group LLC bought a new position in shares of American International Group in the fourth quarter valued at approximately $505,000. Kapitalo Investimentos Ltda bought a new position in shares of American International Group in the fourth quarter valued at approximately $109,000. CWM LLC lifted its stake in shares of American International Group by 10.1% in the first quarter. CWM LLC now owns 12,115 shares of the insurance provider’s stock worth $947,000 after buying an additional 1,115 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of American International Group by 14.2% during the 1st quarter. GAMMA Investing LLC now owns 6,752 shares of the insurance provider’s stock worth $528,000 after buying an additional 840 shares during the period. 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.