A number of other equities analysts have also recently commented on the company. Goldman Sachs raised American International Group from a neutral rating to a buy rating and set a $61.00 target price on the stock in a report on Thursday, May 10th. Barclays reaffirmed an overweight rating and issued a $71.00 target price (up from $68.00) on shares of American International Group in a report on Tuesday, February 20th. Bank of America raised American International Group from a neutral rating to a buy rating and decreased their target price for the stock from $59.40 to $58.28 in a report on Friday, February 9th. Zacks Investment Research cut American International Group from a hold rating to a sell rating in a report on Monday, April 16th. Finally, Credit Suisse Group set a $73.00 target price on American International Group and gave the stock a buy rating in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $66.56.
American International Group opened at $54.79 on Monday, Marketbeat.com reports. The firm has a market capitalization of $48.21 billion, a PE ratio of 27.97, a PEG ratio of 0.99 and a beta of 1.24. American International Group has a 1 year low of $52.91 and a 1 year high of $53.26. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.53.
American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.22). The firm had revenue of $11.73 billion during the quarter, compared to analysts’ expectations of $11.60 billion. American International Group had a positive return on equity of 2.65% and a negative net margin of 13.03%. During the same quarter last year, the business earned $1.36 earnings per share. equities research analysts expect that American International Group will post 4.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. American International Group’s dividend payout ratio is presently 53.33%.
In other American International Group news, Director W Don Cornwell sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $58.78, for a total transaction of $146,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas M. Steenland purchased 4,800 shares of the firm’s stock in a transaction on Friday, May 4th. The shares were acquired at an average cost of $52.06 per share, for a total transaction of $249,888.00. Following the completion of the acquisition, the director now owns 3,510 shares of the company’s stock, valued at $182,730.60. The disclosure for this purchase can be found here. 0.05% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Markston International LLC raised its holdings in American International Group by 0.5% during the fourth quarter. Markston International LLC now owns 181,895 shares of the insurance provider’s stock valued at $10,837,000 after acquiring an additional 834 shares during the period. Quadrant Capital Management LLC raised its holdings in American International Group by 1.9% during the fourth quarter. Quadrant Capital Management LLC now owns 45,011 shares of the insurance provider’s stock valued at $2,682,000 after acquiring an additional 850 shares during the period. M Holdings Securities Inc. raised its holdings in American International Group by 14.8% during the fourth quarter. M Holdings Securities Inc. now owns 6,770 shares of the insurance provider’s stock valued at $389,000 after acquiring an additional 872 shares during the period. MML Investors Services LLC raised its holdings in American International Group by 11.7% during the fourth quarter. MML Investors Services LLC now owns 10,413 shares of the insurance provider’s stock valued at $620,000 after acquiring an additional 1,091 shares during the period. Finally, State Treasurer State of Michigan raised its holdings in American International Group by 0.4% during the first quarter. State Treasurer State of Michigan now owns 264,652 shares of the insurance provider’s stock valued at $14,402,000 after acquiring an additional 1,100 shares during the period. 88.84% of the stock is currently owned by institutional investors and hedge funds.
About American International Group
American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.
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