American International Group, Inc. (NYSE:AIG) Receives $84.13 Average Price Target from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $84.13.

A number of research analysts have commented on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods decreased their price objective on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th.

Institutional Trading of American International Group

Institutional investors have recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the 4th quarter worth about $25,000. Christopher J. Hasenberg Inc acquired a new position in American International Group during the third quarter worth about $26,000. Asset Planning Inc purchased a new stake in shares of American International Group in the fourth quarter valued at about $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the third quarter valued at approximately $29,000. Finally, BankPlus Trust Department purchased a new position in shares of American International Group during the 4th quarter worth approximately $36,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Up 1.3 %

NYSE:AIG opened at $76.89 on Thursday. The company has a market capitalization of $47.96 billion, a PE ratio of -22.68, a P/E/G ratio of 5.87 and a beta of 1.05. American International Group has a 52-week low of $68.04 and a 52-week high of $80.83. The stock’s 50 day moving average price is $73.44 and its 200 day moving average price is $74.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. On average, research analysts anticipate that American International Group will post 4.89 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.08%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is currently -47.20%.

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.