American International Group (NYSE:AIG) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of American International Group (NYSE:AIG) from a buy rating to a hold rating in a report issued on Sunday.

A number of other equities research analysts have also recently weighed in on AIG. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a report on Tuesday, August 12th. Morgan Stanley upped their target price on shares of American International Group from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, William Blair raised shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, American International Group has a consensus rating of “Moderate Buy” and an average price target of $88.27.

American International Group Price Performance

Shares of AIG opened at $78.50 on Friday. American International Group has a 1-year low of $69.24 and a 1-year high of $88.07. The stock has a market cap of $43.49 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a fifty day moving average price of $80.57 and a 200 day moving average price of $82.11.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the previous year, the company earned $1.16 earnings per share. As a group, sell-side analysts anticipate that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group’s payout ratio is 34.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Brighton Jones LLC acquired a new position in shares of American International Group during the fourth quarter worth about $1,091,000. Baird Financial Group Inc. increased its stake in shares of American International Group by 6.6% during the fourth quarter. Baird Financial Group Inc. now owns 38,128 shares of the insurance provider’s stock worth $2,776,000 after acquiring an additional 2,350 shares during the period. Captrust Financial Advisors increased its stake in shares of American International Group by 11.4% during the fourth quarter. Captrust Financial Advisors now owns 50,033 shares of the insurance provider’s stock worth $3,642,000 after acquiring an additional 5,125 shares during the period. Deutsche Bank AG increased its stake in shares of American International Group by 1.8% during the fourth quarter. Deutsche Bank AG now owns 1,832,962 shares of the insurance provider’s stock worth $133,440,000 after acquiring an additional 32,564 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of American International Group by 19.2% during the fourth quarter. Focus Partners Wealth now owns 14,606 shares of the insurance provider’s stock worth $1,063,000 after acquiring an additional 2,350 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.