American International Group (NYSE:AIG) Price Target Raised to $80.00 at Evercore ISI

American International Group (NYSE:AIGFree Report) had its target price raised by Evercore ISI from $74.00 to $80.00 in a report released on Thursday, Benzinga reports. They currently have an in-line rating on the insurance provider’s stock.

A number of other brokerages have also recently weighed in on AIG. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock an outperform rating in a research note on Wednesday. Wells Fargo & Company raised their price target on American International Group from $74.00 to $80.00 and gave the stock an equal weight rating in a research report on Thursday. UBS Group boosted their price target on American International Group from $83.00 to $84.00 and gave the stock a buy rating in a report on Thursday, February 22nd. HSBC started coverage on American International Group in a research note on Thursday, December 28th. They set a buy rating and a $86.00 price objective on the stock. Finally, BMO Capital Markets cut their target price on shares of American International Group from $83.00 to $81.00 and set an outperform rating for the company in a research note on Thursday, February 15th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $77.35.

View Our Latest Stock Report on American International Group

American International Group Trading Down 0.7 %

Shares of AIG stock opened at $73.68 on Thursday. The stock has a market cap of $50.17 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.04 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group has a fifty-two week low of $48.95 and a fifty-two week high of $78.95. The business has a fifty day simple moving average of $73.77 and a 200-day simple moving average of $68.04.

American International Group (NYSE:AIGGet Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. On average, analysts forecast that American International Group will post 7.11 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

Insider Buying and Selling at American International Group

In other news, Director John C. Inglis purchased 659 shares of the stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American International Group news, Director John C. Inglis purchased 659 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Institutional Trading of American International Group

Several large investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in shares of American International Group during the first quarter worth about $29,000. OFI Invest Asset Management purchased a new stake in shares of American International Group during the 3rd quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in American International Group during the 3rd quarter worth approximately $32,000. Neo Ivy Capital Management acquired a new position in American International Group during the 4th quarter worth approximately $40,000. Finally, Scarborough Advisors LLC purchased a new position in American International Group in the 4th quarter worth approximately $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

About American International Group

(Get Free Report)

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.

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Analyst Recommendations for American International Group (NYSE:AIG)

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