American International Group’s (AIG) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

American International Group (NYSE:AIG)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued on Tuesday,Benzinga reports. They presently have a $91.00 price target on the insurance provider’s stock, up from their previous price target of $83.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.15% from the stock’s previous close.

AIG has been the topic of a number of other research reports. Evercore ISI raised their price objective on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research report on Tuesday, April 1st. 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 research report on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.59.

American International Group Trading Down 1.6 %

NYSE:AIG opened at $77.68 on Tuesday. The firm has a 50-day simple moving average of $79.63 and a 200-day simple moving average of $76.41. American International Group has a one year low of $69.00 and a one year high of $88.07. The firm has a market cap of $46.09 billion, a P/E ratio of -37.35, a P/E/G ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts anticipate that American International Group will post 6.24 EPS for the current fiscal year.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This 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 the SEC website. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of American International Group

A number of large investors have recently modified their holdings of the stock. Snowden Capital Advisors LLC raised its position in American International Group by 1.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock valued at $769,000 after purchasing an additional 146 shares in the last quarter. Catalina Capital Group LLC increased its stake in shares of American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after buying an additional 148 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its holdings in American International Group by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock valued at $641,000 after acquiring an additional 152 shares in the last quarter. Pitcairn Co. lifted its stake in American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock worth $536,000 after acquiring an additional 158 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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.