American International Group’s (AIG) Buy (B) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b) rating on shares of American International Group (NYSE:AIG) in a research report sent to investors on Friday,Weiss Ratings reports.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price target on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. The Goldman Sachs Group lifted their price target on American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Wolfe Research assumed coverage on American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their target price on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Finally, Bank of America lifted their target price on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.81.

American International Group Price Performance

AIG stock opened at $78.93 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $43.73 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.78 and a beta of 0.68. The business’s 50-day moving average is $79.91 and its two-hundred day moving average is $81.41. 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 posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the company earned $1.16 EPS. Analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s payout ratio is 34.09%.

Institutional Trading of American International Group

A number of institutional investors have recently modified their holdings of AIG. Pinnacle Associates Ltd. boosted its position in American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock worth $670,000 after purchasing an additional 122 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in American International Group by 2.4% during the second quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 126 shares in the last quarter. Monument Capital Management boosted its position in American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 129 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in American International Group by 2.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after purchasing an additional 129 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its position in American International Group by 0.7% during the first quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider’s stock worth $1,546,000 after purchasing an additional 130 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.