Barclays Cuts American International Group (NYSE:AIG) Price Target to $92.00

American International Group (NYSE:AIG) had its price target cut by Barclays from $98.00 to $92.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

Several other research firms also recently weighed in on AIG. Wells Fargo & Company dropped their price target on American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday, March 5th. Jefferies Financial Group raised their price target on shares of American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of American International Group to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and an average target price of $87.65.

American International Group Trading Up 0.8 %

NYSE:AIG opened at $82.03 on Friday. American International Group has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $80.41 and a 200-day simple moving average of $76.69. The company has a market capitalization of $48.85 billion, a PE ratio of -39.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities research analysts expect that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of American International Group

A number of institutional investors have recently added to or reduced their stakes in AIG. MML Investors Services LLC lifted its stake in shares of American International Group by 1.5% during the third quarter. MML Investors Services LLC now owns 62,083 shares of the insurance provider’s stock worth $4,546,000 after purchasing an additional 902 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares during the period. Barclays PLC lifted its position in American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after acquiring an additional 544,110 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in American International Group by 15.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,742 shares of the insurance provider’s stock worth $792,000 after acquiring an additional 1,423 shares during the period. Finally, Toronto Dominion Bank grew its position in American International Group by 48.0% in the third quarter. Toronto Dominion Bank now owns 327,056 shares of the insurance provider’s stock valued at $23,950,000 after acquiring an additional 106,097 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

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.