American International Group, Inc. (NYSE:AIG) Receives Consensus Rating of “Hold” from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been given a consensus rating of “Hold” by the twenty analysts that are currently covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $88.2222.

Several research firms have recently commented on AIG. Wells Fargo & Company raised their price target on American International Group from $85.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. UBS Group upped their price objective on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. HSBC reduced their target price on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, Piper Sandler restated a “neutral” rating and set a $80.00 target price (down from $88.00) on shares of American International Group in a research report on Wednesday, July 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its stake in American International Group by 129.9% in the 4th quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock valued at $11,695,000 after purchasing an additional 76,874 shares in the last quarter. Cypress Wealth Services LLC acquired a new position in American International Group during the fourth quarter worth $1,269,000. Mirae Asset Global Investments Co. Ltd. boosted its position in American International Group by 20.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock worth $7,608,000 after purchasing an additional 15,116 shares in the last quarter. Board of the Pension Protection Fund boosted its position in American International Group by 296.1% during the fourth quarter. Board of the Pension Protection Fund now owns 20,200 shares of the insurance provider’s stock worth $1,728,000 after purchasing an additional 15,100 shares in the last quarter. Finally, Norges Bank acquired a new stake in American International Group in the fourth quarter valued at $636,782,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 2.4%

NYSE AIG opened at $78.28 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $41.50 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.73 and a beta of 0.53. American International Group has a 52-week low of $71.25 and a 52-week high of $87.29. The firm has a 50-day moving average price of $76.63 and a 200 day moving average price of $76.52.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the company earned $1.17 EPS. Equities research analysts expect that American International Group will post 8 EPS for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. American International Group’s dividend payout ratio (DPR) is 35.27%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.