ValuEngine Lowers American International Group, Inc. (AIG) to Hold

ValuEngine lowered shares of American International Group, Inc. (NYSE:AIG) from a buy rating to a hold rating in a report issued on Wednesday.

A number of other analysts have also commented on AIG. Zacks Investment Research raised American International Group from a hold rating to a buy rating and set a $70.00 price objective on the stock in a research note on Wednesday, July 5th. Wells Fargo & Company reaffirmed a buy rating on shares of American International Group in a research note on Wednesday, July 5th. BidaskClub lowered American International Group from a hold rating to a sell rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $75.00 price objective on shares of American International Group in a research note on Thursday, August 3rd. Finally, Atlantic Securities lowered American International Group from an overweight rating to a neutral rating and set a $70.00 price objective on the stock. in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. American International Group presently has a consensus rating of Hold and a consensus target price of $68.35.

Shares of American International Group (NYSE:AIG) opened at 63.16 on Wednesday. The company has a 50-day moving average of $60.80 and a 200-day moving average of $62.22. American International Group has a 1-year low of $57.35 and a 1-year high of $67.47. The firm’s market cap is $57.06 billion.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter last year, the business posted $0.98 earnings per share. Analysts predict that American International Group will post $3.48 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.03%. American International Group’s dividend payout ratio is presently -711.07%.

A number of hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC increased its holdings in American International Group by 0.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 14 shares during the last quarter. Lyell Wealth Management LP increased its holdings in American International Group by 0.5% during the 2nd quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock worth $225,000 after purchasing an additional 18 shares during the last quarter. First Personal Financial Services increased its holdings in American International Group by 0.6% during the 2nd quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 38 shares during the last quarter. Usca Ria LLC increased its holdings in American International Group by 0.4% during the 2nd quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after purchasing an additional 50 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of American International Group by 1.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 83.98% of the company’s stock.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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Analyst Recommendations for American International Group (NYSE:AIG)

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