Barclays Forecasts Strong Price Appreciation for American International Group (NYSE:AIG) Stock

American International Group (NYSE:AIG) had its target price raised by equities research analysts at Barclays from $93.00 to $95.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Barclays‘s target price would indicate a potential upside of 24.46% from the stock’s previous close.

A number of other analysts have also commented on the company. Evercore ISI boosted their price target on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Citigroup initiated coverage on American International Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price on the stock. Bank of America increased their target price on shares of American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Jefferies Financial Group raised their price target on American International Group from $96.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.13.

American International Group Stock Performance

Shares of AIG opened at $76.33 on Wednesday. The firm has a market cap of $42.29 billion, a P/E ratio of 14.46, a PEG ratio of 0.77 and a beta of 0.73. American International Group has a twelve month low of $69.24 and a twelve month high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50 day moving average price is $79.22 and its two-hundred day moving average price is $81.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period last year, the business posted $1.23 earnings per share. On average, analysts forecast that American International Group will post 6.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in American International Group during the 4th quarter worth approximately $1,091,000. Mutual Advisors LLC bought a new stake in shares of American International Group in the first quarter worth $249,000. OneDigital Investment Advisors LLC increased its holdings in American International Group by 78.0% in the first quarter. OneDigital Investment Advisors LLC now owns 5,609 shares of the insurance provider’s stock valued at $488,000 after purchasing an additional 2,458 shares during the period. World Investment Advisors raised its position in American International Group by 61.0% during the 1st quarter. World Investment Advisors now owns 9,315 shares of the insurance provider’s stock worth $810,000 after purchasing an additional 3,528 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in American International Group by 40.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,055 shares of the insurance provider’s stock worth $353,000 after buying an additional 1,166 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Company Profile

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.