American International Group Inc (AIG) Given Average Rating of “Hold” by Analysts

American International Group Inc (NYSE:AIG) has received a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $65.25.

A number of equities research analysts recently weighed in on AIG shares. Barclays reissued an “overweight” rating and set a $71.00 target price (up from $68.00) on shares of American International Group in a research report on Tuesday, February 20th. Wells Fargo & Co set a $72.00 target price on American International Group and gave the stock a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Monday, April 16th. Buckingham Research raised American International Group from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $52.00 to $55.00 in a research report on Friday, April 27th. Finally, Deutsche Bank decreased their target price on American International Group from $60.00 to $58.00 and set a “hold” rating on the stock in a research report on Thursday, May 3rd.

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



Several institutional investors and hedge funds have recently made changes to their positions in AIG. Sound Shore Management Inc. CT acquired a new position in shares of American International Group in the 1st quarter worth approximately $196,526,000. Orbis Allan Gray Ltd raised its position in American International Group by 39.5% in the 4th quarter. Orbis Allan Gray Ltd now owns 8,865,081 shares of the insurance provider’s stock worth $528,182,000 after purchasing an additional 2,510,464 shares during the last quarter. Standard Life Aberdeen plc raised its position in American International Group by 73.5% in the 4th quarter. Standard Life Aberdeen plc now owns 5,648,140 shares of the insurance provider’s stock worth $336,588,000 after purchasing an additional 2,393,028 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in American International Group in the 1st quarter worth approximately $92,514,000. Finally, Point72 Asset Management L.P. raised its position in American International Group by 383.7% in the 1st quarter. Point72 Asset Management L.P. now owns 1,955,534 shares of the insurance provider’s stock worth $106,420,000 after purchasing an additional 1,551,242 shares during the last quarter. 85.97% of the stock is currently owned by institutional investors and hedge funds.

AIG stock traded up $0.41 during trading on Monday, reaching $55.21. 12,584,801 shares of the stock were exchanged, compared to its average volume of 4,999,445. American International Group has a twelve month low of $49.57 and a twelve month high of $67.30. The company has a market cap of $49.19 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.20. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.53.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, May 2nd. The insurance provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.22). American International Group had a positive return on equity of 2.65% and a negative net margin of 13.03%. The firm had revenue of $11.73 billion for the quarter, compared to analyst estimates of $11.60 billion. During the same period last year, the business earned $1.36 earnings per share. equities research analysts anticipate that American International Group will post 4.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, June 13th. American International Group’s payout ratio is currently 53.33%.

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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