American International Group (NYSE:AIG) Price Target Raised to $94.00

American International Group (NYSE:AIG) had its target price raised by equities research analysts at UBS Group from $92.00 to $94.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. UBS Group’s price target suggests a potential upside of 21.10% from the company’s previous close.

A number of other analysts have also recently commented on AIG. Bank of America lowered their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley decreased their target price on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Wells Fargo & Company decreased their price objective on American International Group from $87.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group lowered their target price on American International Group from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Mizuho dropped their target price on American International Group from $86.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $87.71.

American International Group Stock Down 1.5%

Shares of NYSE AIG opened at $77.63 on Monday. The stock has a market cap of $41.68 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.60 and a beta of 0.53. The firm has a 50 day moving average price of $76.85 and a 200 day moving average price of $77.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group has a 52-week low of $71.25 and a 52-week high of $87.46.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, April 30th. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. The company had revenue of $7.02 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.88%. During the same period last year, the business posted $1.17 earnings per share. Analysts expect that American International Group will post 7.75 EPS for the current year.

Hedge Funds Weigh In On American International Group

Several hedge funds have recently bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in American International Group during the third quarter worth $26,000. Modus Advisors LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $27,000. Atlantic Union Bankshares Corp increased its stake in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares during the last quarter. Navalign LLC acquired a new position in shares of American International Group during the 4th quarter worth $29,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group during the 4th quarter worth $29,000. 90.60% of the stock is owned by institutional investors.

About American International Group

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.