American International Group, Inc. (NYSE:AIG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of American International Group, Inc. (NYSE:AIG) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $88.12.

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Evercore ISI lifted their price target on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets lifted their price target on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th.

American International Group Trading Up 0.3%

Shares of American International Group stock opened at $82.58 on Friday. The stock has a market cap of $47.59 billion, a P/E ratio of -31.04, a P/E/G ratio of 0.91 and a beta of 0.63. The stock’s 50 day simple moving average is $83.77 and its 200-day simple moving average is $79.96. American International Group has a 1-year low of $69.00 and a 1-year high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.89 billion. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. During the same period in the previous year, the firm posted $1.25 EPS. Analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given 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 was Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. American International Group’s payout ratio is presently -67.67%.

Insider Transactions at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the sale, the executive vice president owned 21,400 shares of the company’s stock, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kera Capital Partners Inc. acquired a new position in shares of American International Group in the second quarter worth $231,000. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of American International Group in the first quarter worth $2,012,000. Voya Investment Management LLC grew its stake in shares of American International Group by 347.6% in the first quarter. Voya Investment Management LLC now owns 1,306,576 shares of the insurance provider’s stock worth $113,594,000 after acquiring an additional 1,014,691 shares in the last quarter. Invst LLC acquired a new position in shares of American International Group in the first quarter worth $737,000. Finally, Strs Ohio acquired a new position in shares of American International Group in the first quarter worth $22,278,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

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.