American International Group, Inc. (NYSE:AIG) Stock Has Average Target Price of $88.16 According to Analysts

American International Group, Inc. (NYSE:AIG) has received a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $88.16.

AIG has been the subject of a number of research reports. Barclays raised their target price on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Argus reiterated a “buy” rating and set a $90.00 price target on shares of American International Group in a research report on Wednesday, September 2nd. Piper Sandler increased their price objective on shares of American International Group from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Morgan Stanley lowered their price objective on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $95.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th.

American International Group Stock Up 1.3%

AIG opened at $75.40 on Tuesday. The firm’s 50-day simple moving average is $76.62 and its 200-day simple moving average is $76.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group has a twelve month low of $71.25 and a twelve month high of $87.29. The firm has a market cap of $39.43 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.83 and a beta of 0.52.

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

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. American International Group’s dividend payout ratio (DPR) is currently 36.56%.

Insiders Place Their Bets

In other American International Group news, insider Peter Zaffino sold 200,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. This represents a 25.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On American International Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in American International Group in the fourth quarter valued at about $636,782,000. Lee Danner & Bass Inc. raised its position 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 acquiring an additional 22,300 shares during the period. Swiss National Bank boosted its stake in 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 worth $119,163,000 after acquiring an additional 65,400 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of American International Group during the fourth quarter worth $13,645,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of American International Group by 288.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 58,195 shares of the insurance provider’s stock worth $4,979,000 after purchasing an additional 43,200 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization whose principal operating business is general insurance. Through its property and casualty operations, AIG provides commercial and personal insurance products, including coverage for businesses, multinational companies, individuals, and specialty risks. Its offerings include property, casualty, liability, marine, aviation, cyber, accident, and travel insurance, along with other risk-management solutions.

AIG serves customers through a network spanning approximately 190 countries and jurisdictions.