American International Group (NYSE:AIG) Cut to Hold at Wall Street Zen

American International Group (NYSE:AIG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities analysts have also recently weighed in on AIG. William Blair raised shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Cfra Research raised American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a report on Tuesday, August 12th. Wolfe Research initiated coverage on American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Citigroup assumed coverage on American International Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and an average target price of $88.27.

American International Group Price Performance

American International Group stock opened at $77.87 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $43.14 billion, a P/E ratio of 14.75, a PEG ratio of 0.82 and a beta of 0.70. The business has a 50-day moving average of $79.52 and a 200-day moving average of $81.87. American International Group has a 1 year low of $69.24 and a 1 year high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.21. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the firm earned $1.16 EPS. On average, equities analysts anticipate that American International Group will post 6.24 EPS for the current year.

Institutional Investors Weigh In On American International Group

Institutional investors have recently bought and sold shares of the company. Pinnacle Associates Ltd. grew its stake in shares of American International Group by 1.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock worth $670,000 after acquiring an additional 122 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in American International Group by 1.6% during the first quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider’s stock worth $704,000 after purchasing an additional 124 shares during the last quarter. Western Pacific Wealth Management LP grew its position in American International Group by 2.3% in the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider’s stock valued at $493,000 after purchasing an additional 125 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in American International Group by 2.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock valued at $468,000 after buying an additional 126 shares during the last quarter. Finally, Monument Capital Management lifted its position in American International Group by 3.5% during the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after buying an additional 129 shares in the last quarter. 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.