American International Group (NYSE:AIG) Price Target Raised to $100.00

American International Group (NYSE:AIG) had its price target lifted by UBS Group from $98.00 to $100.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

AIG has been the subject of several other reports. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research note on Tuesday, September 29th. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $95.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Barclays raised their target price on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Mizuho lowered their price target on shares of American International Group from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, September 16th. Finally, Argus reiterated a “buy” rating and set a $90.00 price objective on shares of American International Group in a research note on Wednesday, September 2nd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target of $88.11.

American International Group Stock Up 1.8%

Shares of AIG stock opened at $77.02 on Tuesday. The stock’s 50-day simple moving average is $76.20 and its 200-day simple moving average is $76.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $40.27 billion, a PE ratio of 14.08, a P/E/G ratio of 0.81 and a beta of 0.52. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $87.29.

American International Group (NYSE:AIG) last released its earnings results on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same quarter in the previous year, the company posted $1.81 earnings per share. Equities analysts expect that American International Group will post 8.01 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 16th. American International Group’s payout ratio is presently 36.56%.

Insider Buying and Selling

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the completion of the transaction, the insider directly owned 556,004 shares in the company, valued at approximately $42,334,144.56. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently modified their holdings of the stock. First Bancorp Inc ME purchased a new stake in shares of American International Group during the second quarter worth about $30,000. SHP Wealth Management purchased a new position in American International Group in the 4th quarter valued at about $34,000. Fiduciary Financial Advisors acquired a new stake in American International Group in the 2nd quarter worth about $34,000. CENTRAL TRUST Co increased its stake in American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in American International Group by 71.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 556 shares of the insurance provider’s stock worth $41,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

American International Group, Inc (NYSE:AIG) is a global insurance organization whose principal operating business is general insurance. Through its property and casualty operations, AIG provides commercial and personal insurance products, including coverage for businesses, multinational companies, individuals, and specialty risks. Its offerings include property, casualty, liability, marine, aviation, cyber, accident, and travel insurance, along with other risk-management solutions.

AIG serves customers through a network spanning approximately 190 countries and jurisdictions.