American International Group, Inc. (NYSE:AIG) Receives $87.88 Average Target Price from Analysts

American International Group, Inc. (NYSE:AIG) has been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $88.12.

AIG has been the subject of a number of research reports. Morgan Stanley increased their target price on American International Group from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday. Barclays upped their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods lifted their target price on American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th.

American International Group Trading Down 0.0%

NYSE:AIG opened at $84.32 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $48.60 billion, a price-to-earnings ratio of -40.54, a PEG ratio of 1.01 and a beta of 0.69. The business’s 50-day moving average price is $82.55 and its two-hundred day moving average price is $77.80. American International Group has a 1-year low of $69.00 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same quarter in the previous year, the business earned $1.25 EPS. On average, equities analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.45 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.13%. American International Group’s dividend payout ratio is currently -67.67%.

Insider Transactions at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of American International Group

Institutional investors have recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in American International Group during the fourth quarter worth about $25,000. Asset Planning Inc bought a new stake in shares of American International Group in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new stake in American International Group during the fourth quarter worth approximately $29,000. Sachetta LLC raised its holdings in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 249 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in shares of American International Group in the fourth quarter worth $36,000. 90.60% of the stock is currently owned by 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.