JPMorgan Chase & Co. Reiterates “Hold” Rating for American International Group (AIG)

American International Group (NYSE:AIG)‘s stock had its “hold” rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued on Friday.

A number of other research firms have also commented on AIG. Barclays reaffirmed an “overweight” rating and issued a $71.00 price objective (up from $68.00) on shares of American International Group in a research note on Tuesday, February 20th. Bank of America raised American International Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $59.40 to $58.28 in a research note on Friday, February 9th. Buckingham Research raised American International Group from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $52.00 to $55.00 in a research note on Friday, April 27th. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research note on Monday, April 16th. Finally, UBS raised American International Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $53.71 to $63.00 in a research note on Thursday, May 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. American International Group currently has an average rating of “Hold” and an average price target of $66.56.

American International Group stock opened at $53.71 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $48.60 billion, a P/E ratio of 22.38, a P/E/G ratio of 0.99 and a beta of 1.24. American International Group has a one year low of $49.57 and a one year high of $67.30.



American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $1.04 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.22). The company had revenue of $11.73 billion during the quarter, compared to analyst estimates of $11.60 billion. American International Group had a positive return on equity of 2.65% and a negative net margin of 13.03%. During the same period in the prior year, the firm earned $1.36 earnings per share. equities analysts predict that American International Group will post 4.95 earnings per share for the current fiscal year.

In other news, Director Douglas M. Steenland bought 4,800 shares of the stock in a transaction dated Friday, May 4th. The shares were bought at an average cost of $52.06 per share, with a total value of $249,888.00. Following the completion of the transaction, the director now directly owns 3,510 shares of the company’s stock, valued at $182,730.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas B. Leonardi bought 2,500 shares of the stock in a transaction dated Friday, May 4th. The shares were purchased at an average cost of $51.55 per share, for a total transaction of $128,875.00. Following the completion of the transaction, the insider now directly owns 2,500 shares of the company’s stock, valued at $128,875. The disclosure for this purchase can be found here. 0.05% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in American International Group by 3.5% during the first quarter. Franklin Resources Inc. now owns 21,547,420 shares of the insurance provider’s stock worth $1,172,611,000 after buying an additional 718,976 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in American International Group by 5.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 12,151,681 shares of the insurance provider’s stock worth $723,997,000 after buying an additional 611,404 shares in the last quarter. Boston Partners grew its holdings in American International Group by 15.2% during the fourth quarter. Boston Partners now owns 9,024,337 shares of the insurance provider’s stock worth $537,670,000 after buying an additional 1,188,645 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in American International Group by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,984,065 shares of the insurance provider’s stock worth $535,269,000 after buying an additional 137,210 shares in the last quarter. Finally, Orbis Allan Gray Ltd grew its holdings in American International Group by 39.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 8,865,081 shares of the insurance provider’s stock worth $528,182,000 after buying an additional 2,510,464 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.

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.

Analyst Recommendations for American International Group (NYSE:AIG)

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