American International Group, Inc. (NYSE:AIG) Given Consensus Rating of “Hold” by Brokerages

American International Group, Inc. (NYSE:AIG) has earned an average rating of “Hold” from the twenty-three analysts that are presently covering the company, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $87.4211.

AIG has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. increased their price target on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Royal Bank Of Canada began coverage on American International Group in a report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 price target on the stock. Piper Sandler upped their price objective on American International Group from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Finally, Barclays decreased their target price on American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th.

American International Group Trading Up 2.0%

NYSE AIG opened at $73.75 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $79.07 and a 200 day simple moving average of $79.31. American International Group has a 12 month low of $71.25 and a 12 month high of $88.07. The firm has a market capitalization of $39.79 billion, a P/E ratio of 13.41, a PEG ratio of 0.75 and a beta of 0.62.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business posted $1.23 EPS. On average, analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. American International Group’s payout ratio is currently 32.73%.

Institutional Investors Weigh In On American International Group

Large investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its stake in American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after purchasing an additional 12,645,616 shares during the last quarter. Norges Bank bought a new stake in shares of American International Group in the second quarter valued at $787,724,000. Vanguard Group Inc. lifted its position in shares of American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of American International Group by 22.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.