American International Group, Inc. (NYSE:AIG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $84.13.

AIG has been the subject of a number of recent research reports. UBS Group upped their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On American International Group

Large investors have recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc acquired a new stake in American International Group during the third quarter worth approximately $26,000. Duncker Streett & Co. Inc. acquired a new stake in American International Group during the fourth quarter worth approximately $25,000. Asset Planning Inc acquired a new stake in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in American International Group in the third quarter valued at approximately $29,000. Finally, BankPlus Trust Department acquired a new stake in American International Group in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

Shares of AIG opened at $75.09 on Thursday. American International Group has a 12-month low of $68.04 and a 12-month high of $80.83. The business has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $74.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $46.84 billion, a PE ratio of -22.15, a PEG ratio of 5.87 and a beta of 1.05.

American International Group Company Profile

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.