American International Group, Inc. (NYSE:AIG) Receives $88.37 Average PT from Analysts

American International Group, Inc. (NYSE:AIG) has been assigned an average rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $88.3684.

A number of research firms have recently weighed in on AIG. Argus reissued a “buy” rating and set a $90.00 target price on shares of American International Group in a report on Wednesday, September 2nd. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Cantor Fitzgerald lowered their price target on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Barclays lifted their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, UBS Group boosted their price objective on shares of American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 8th.

American International Group Price Performance

American International Group stock opened at $76.18 on Friday. American International Group has a 12 month low of $71.25 and a 12 month high of $87.29. The stock’s 50 day moving average is $77.96 and its 200-day moving average is $76.98. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.85 and a beta of 0.50.

American International Group (NYSE:AIG) last announced its earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same quarter last year, the company earned $1.81 earnings per share. Equities research analysts expect that American International Group will post 8.02 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s dividend payout ratio is 36.56%.

Insider Activity

In related news, insider Peter Zaffino sold 36,829 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $76.14, for a total value of $2,804,160.06. Following the completion of the transaction, the insider owned 556,004 shares of the company’s stock, valued at $42,334,144.56. The trade was a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Institutional Trading of American International Group

Several large investors have recently made changes to their positions in AIG. Norges Bank bought a new position in shares of American International Group in the 4th quarter worth about $636,782,000. Lee Danner & Bass Inc. lifted its stake in shares of American International Group by 194.2% in the 1st quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock valued at $2,542,000 after purchasing an additional 22,300 shares during the period. Swiss National Bank boosted its position in shares of American International Group by 4.3% during the 1st quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock valued at $119,163,000 after purchasing an additional 65,400 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in American International Group by 4.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,156,343 shares of the insurance provider’s stock worth $97,445,000 after purchasing an additional 50,775 shares during the period. Finally, Generali Asset Management SPA SGR grew its stake in American International Group by 493.8% during the fourth quarter. Generali Asset Management SPA SGR now owns 41,083 shares of the insurance provider’s stock worth $3,515,000 after purchasing an additional 34,164 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 (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.