American International Group, Inc. (NYSE:AIG) Receives $87.78 Consensus Target Price from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been assigned a consensus recommendation of “Hold” from the twenty research firms that are covering the firm, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $87.7778.

Several brokerages have recently commented on AIG. BMO Capital Markets raised their price target on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Keefe, Bruyette & Woods raised their price target on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Barclays raised their price target on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings cut American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th.

American International Group Stock Performance

Shares of NYSE AIG opened at $75.47 on Friday. The business has a fifty day simple moving average of $75.77 and a 200 day simple moving average of $77.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.69 and a beta of 0.52. American International Group has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the company posted $1.17 earnings per share. Sell-side analysts expect that American International Group will post 7.98 EPS for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. American International Group’s dividend payout ratio (DPR) is 35.27%.

Hedge Funds Weigh In On American International Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIG. Sapient Capital LLC acquired a new stake in shares of American International Group during the first quarter worth about $275,000. DV Trading LLC raised its position in shares of American International Group by 200.0% during the first quarter. DV Trading LLC now owns 3,000 shares of the insurance provider’s stock worth $226,000 after purchasing an additional 2,000 shares during the period. First Nebraska Trust Co acquired a new stake in shares of American International Group during the first quarter worth about $241,000. Summitry LLC raised its position in shares of American International Group by 103.7% during the first quarter. Summitry LLC now owns 8,145 shares of the insurance provider’s stock worth $613,000 after purchasing an additional 4,147 shares during the period. Finally, CTC Alternative Strategies Ltd. acquired a new stake in shares of American International Group during the first quarter worth about $399,000. 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.