TheStreet restated their hold rating on shares of American International Group (NYSE:AIG) in a report released on Monday, Analyst RN reports.
“American International Group (AIG) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.,” the firm’s analyst commented.
A number of other analysts have also recently weighed in on AIG. 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. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of American International Group from $46.00 to $51.00 in a research note to investors on Monday, November 4th. Finally, analysts at Zacks reiterated an outperform rating on shares of American International Group in a research note to investors on Friday, November 1st. They now have a $62.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $52.18.
Shares of American International Group (NYSE:AIG) traded down 0.25% during mid-day trading on Monday, hitting $48.84. 2,265,790 shares of the company’s stock traded hands. American International Group has a one year low of $32.09 and a one year high of $53.33. The stock has a 50-day moving average of $49.83 and a 200-day moving average of $47.31. The company has a market cap of $71.909 billion and a price-to-earnings ratio of 23.03.
American International Group (NYSE:AIG) last announced its earnings results on Friday, November 1st. The company reported $0.96 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.00 earnings per share. American International Group’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that American International Group will post $4.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, December 3rd.
American International Group, Inc (NYSE:AIG) is a global insurance company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.