American International Group (NYSE:AIG) Stock Price Expected to Rise, UBS Group Analyst Says

American International Group (NYSE:AIG) had its price objective upped by UBS Group from $98.00 to $100.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. UBS Group’s price target would indicate a potential upside of 32.19% from the company’s current price.

A number of other brokerages have also commented on AIG. Barclays increased their price objective on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Wells Fargo & Company cut their price target on American International Group from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Mizuho decreased their price target on American International Group from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, September 16th. Argus reissued a “buy” rating and set a $90.00 price objective on shares of American International Group in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group upped their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.26.

American International Group Price Performance

Shares of AIG traded up $0.53 during mid-day trading on Tuesday, hitting $75.65. 1,014,518 shares of the company traded hands, compared to its average volume of 4,303,748. American International Group has a one year low of $71.25 and a one year high of $87.29. 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 business has a 50-day moving average of $76.45 and a 200 day moving average of $76.42. The stock has a market capitalization of $39.56 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.80 and a beta of 0.52.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same quarter last year, the business posted $1.81 earnings per share. As a group, equities analysts expect that American International Group will post 8.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American International Group news, insider Peter Zaffino sold 200,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $45,333,939.51. This trade represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently modified their holdings of the stock. First Bancorp Inc ME bought a new stake in American International Group in the second quarter valued at approximately $30,000. SHP Wealth Management acquired a new position in shares of American International Group in the 4th quarter valued at $34,000. Fiduciary Financial Advisors bought a new stake in shares of American International Group in the 2nd quarter valued at $34,000. CENTRAL TRUST Co increased its position in shares of American International Group by 48.7% in the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in American International Group during the 4th quarter worth $46,000. 90.60% of the stock is owned by institutional investors.

About American International Group

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.