American International Group (NYSE:AIG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, American Banking News reports. They currently have a $52.00 price target on the stock. Zacks‘ target price would indicate a potential upside of 4.94% from the company’s current price.
American International Group (NYSE:AIG) traded up 0.57% during mid-day trading on Monday, hitting $49.83. 3,475,651 shares of the company’s stock traded hands. American International Group has a 52-week low of $33.22 and a 52-week high of $53.33. The stock’s 50-day moving average is $49.73 and its 200-day moving average is $47.69. The company has a market cap of $73.367 billion and a P/E ratio of 23.31.
American International Group (NYSE:AIG) last announced its earnings results on Friday, November 1st. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.11. The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that American International Group will post $4.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, December 3rd.
A number of other analysts have also recently weighed in on AIG. Analysts at TheStreet reiterated a “hold” rating on shares of American International Group in a research note to investors on Wednesday, December 4th. Finally, analysts at Deutsche Bank raised their price target on shares of American International Group from $56.00 to $58.00 in a research note to investors on Thursday, November 7th. They now have a “hold” rating on the stock. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $51.66.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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