American International Group (NYSE:AIG) Upgraded by Hsbc Global Res to Strong-Buy Rating

Hsbc Global Res upgraded shares of American International Group (NYSE:AIG) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.38.

American International Group Trading Up 2.1 %

Shares of American International Group stock opened at $81.49 on Wednesday. The company’s fifty day simple moving average is $75.02 and its 200-day simple moving average is $74.96. The company has a market cap of $48.35 billion, a price-to-earnings ratio of -39.18, a PEG ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 1 year low of $69.00 and a 1 year high of $83.77.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts expect that American International Group will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of American International Group during the 4th quarter worth approximately $28,113,000. Integrated Advisors Network LLC increased its holdings in shares of American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after acquiring an additional 161 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of American International Group during the 4th quarter worth approximately $29,000. Challenger Wealth Management acquired a new position in shares of American International Group during the 4th quarter worth approximately $269,000. Finally, AlphaCore Capital LLC increased its holdings in shares of American International Group by 11.8% during the 4th quarter. AlphaCore Capital LLC now owns 12,349 shares of the insurance provider’s stock worth $899,000 after acquiring an additional 1,300 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

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.