American International Group (NYSE:AIG) has earned an average rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $66.21.
AIG has been the subject of a number of research analyst reports. Wells Fargo set a $72.00 target price on shares of American International Group and gave the stock a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Bank of America upgraded shares of American International Group from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $59.40 to $58.28 in a report on Friday, February 9th. Credit Suisse Group set a $73.00 target price on shares of American International Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Barclays reiterated an “overweight” rating and set a $71.00 target price (up from $68.00) on shares of American International Group in a report on Tuesday, February 20th.
Shares of AIG traded up $0.25 during mid-day trading on Friday, hitting $55.43. 5,001,451 shares of the company were exchanged, compared to its average volume of 5,216,593. American International Group has a 1-year low of $52.42 and a 1-year high of $67.30. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.48. The company has a market cap of $50,023.86, a PE ratio of 23.10, a price-to-earnings-growth ratio of 0.93 and a beta of 1.25.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.28 annualized dividend and a yield of 2.31%. American International Group’s dividend payout ratio is currently 53.33%.
In other news, Director W Don Cornwell sold 2,500 shares of American International Group stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total value of $146,950.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Claudine Macartney sold 2,052 shares of American International Group stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $59.61, for a total transaction of $122,319.72. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB boosted its holdings in American International Group by 5.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 162,893 shares of the insurance provider’s stock worth $9,705,000 after buying an additional 8,681 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in American International Group by 15.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 590,795 shares of the insurance provider’s stock worth $35,200,000 after acquiring an additional 78,982 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in American International Group by 33.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 64,800 shares of the insurance provider’s stock worth $3,861,000 after acquiring an additional 16,200 shares during the last quarter. Banco de Sabadell S.A acquired a new position in American International Group during the fourth quarter worth about $2,433,000. Finally, Wealthsource Partners LLC acquired a new position in American International Group during the fourth quarter worth about $318,000. 87.25% of the stock is currently owned by institutional investors and hedge funds.
American International Group Company Profile
American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.
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