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

Shares of American International Group, Inc. (NYSE:AIG) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $84.13.

Several research firms have commented on AIG. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Jefferies Financial Group boosted their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Finally, UBS Group raised their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group during the fourth quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of American International Group in the 3rd quarter valued at approximately $26,000. Asset Planning Inc acquired a new position in shares of American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter worth approximately $29,000. Finally, BankPlus Trust Department acquired a new stake in shares of American International Group during the fourth quarter worth $36,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 0.9 %

NYSE:AIG opened at $73.37 on Thursday. American International Group has a 12-month low of $67.96 and a 12-month high of $80.83. The firm has a market cap of $45.77 billion, a PE ratio of -21.64, a price-to-earnings-growth ratio of 5.80 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $73.61 and a 200 day moving average price of $74.51.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the business posted $1.61 EPS. Sell-side analysts anticipate that American International Group will post 4.89 earnings per share for the current fiscal year.

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.