Keefe, Bruyette & Woods Lowers American International Group (NYSE:AIG) Price Target to $94.00

American International Group (NYSE:AIG) had its price target cut by equities researchers at Keefe, Bruyette & Woods from $98.00 to $94.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 21.16% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a report on Tuesday. BMO Capital Markets upped their price target on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. The Goldman Sachs Group increased their price objective on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Nine 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.35.

American International Group Stock Down 0.1 %

NYSE AIG traded down $0.09 on Wednesday, reaching $77.58. The stock had a trading volume of 678,726 shares, compared to its average volume of 4,432,350. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 1 year low of $69.00 and a 1 year high of $88.07. The business has a 50 day moving average price of $79.72 and a 200 day moving average price of $76.44. The company has a market capitalization of $46.20 billion, a price-to-earnings ratio of -37.12, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, analysts forecast that American International Group will post 6.24 EPS for the current fiscal year.

Insider Activity

In other American International Group news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American International Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. bought a new position in shares of American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc bought a new position in shares of American International Group during the fourth quarter valued at $26,000. Ameriflex Group Inc. acquired a new stake in shares of American International Group in the 4th quarter valued at $29,000. BankPlus Trust Department bought a new stake in shares of American International Group in the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter worth about $40,000. 90.60% of the stock is owned by institutional investors and hedge funds.

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.