American International Group (NYSE:AIG) Price Target Raised to $99.00 at Jefferies Financial Group

American International Group (NYSE:AIG) had its price target boosted by analysts at Jefferies Financial Group from $96.00 to $99.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the insurance provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 18.68% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. William Blair raised American International Group to a “strong-buy” rating in a report on Friday, August 1st. Morgan Stanley dropped their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wolfe Research began coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. The Goldman Sachs Group upped their price objective on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American International Group in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Moderate Buy” and an average price target of $88.44.

American International Group Trading Up 0.5%

Shares of American International Group stock opened at $83.42 on Tuesday. The company has a fifty day simple moving average of $79.37 and a 200-day simple moving average of $81.67. American International Group has a 12-month low of $69.24 and a 12-month high of $88.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The stock has a market cap of $46.21 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.87 and a beta of 0.68.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the prior year, the firm posted $1.16 earnings per share. On average, equities analysts forecast that American International Group will post 6.24 EPS for the current fiscal year.

Hedge Funds Weigh In On American International Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of American International Group during the fourth quarter worth about $1,091,000. NBC Securities Inc. bought a new stake in American International Group in the first quarter valued at $47,000. UMB Bank n.a. increased its stake in shares of American International Group by 9.4% in the first quarter. UMB Bank n.a. now owns 1,961 shares of the insurance provider’s stock valued at $170,000 after purchasing an additional 168 shares during the period. Miracle Mile Advisors LLC raised its stake in American International Group by 1.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider’s stock valued at $704,000 after acquiring an additional 124 shares in the last quarter. Finally, OLD National Bancorp IN grew its position in American International Group by 34.6% in the 1st quarter. OLD National Bancorp IN now owns 8,594 shares of the insurance provider’s stock valued at $747,000 after buying an additional 2,208 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile

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.