Research analysts at Keefe, Bruyette & Woods raised their price objective on shares of American International Group (NYSE:AIG) from $46.00 to $51.00 in a report released on Monday, American Banking News reports. Keefe, Bruyette & Woods’ price target suggests a potential upside of 3.91% from the company’s current price.
A number of other firms have also recently commented on AIG. Analysts at Zacks reiterated an “outperform” rating on shares of American International Group in a research note to investors on Friday. They now have a $62.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of American International Group in a research note to investors on Friday. They now have a $49.00 price target on the stock. Finally, analysts at Drexel Hamilton downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $55.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. American International Group presently has a consensus rating of “Buy” and a consensus price target of $51.86.
American International Group (NYSE:AIG) traded up 1.66% on Monday, hitting $49.08. 18,396,894 shares of the company’s stock traded hands. American International Group has a 1-year low of $30.64 and a 1-year high of $53.33. The stock’s 50-day moving average is $50.16 and its 200-day moving average is $46.52. The company has a market cap of $72.458 billion and a P/E ratio of 22.72.
American International Group (NYSE:AIG) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the 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 $4.32 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.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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