American International Group (NYSE:AIG) Price Target Raised to $98.00 at Barclays

American International Group (NYSE:AIG) had its target price upped by Barclays from $90.00 to $98.00 in a research report released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the insurance provider’s stock.

Other analysts have also issued reports about the company. BMO Capital Markets lifted their price target on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley increased their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. UBS Group decreased their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.76.

American International Group Trading Up 1.1 %

AIG opened at $87.77 on Wednesday. American International Group has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The firm has a market capitalization of $52.08 billion, a PE ratio of -42.20, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company’s 50-day moving average is $79.26 and its 200 day moving average is $76.23.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, research analysts predict that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s payout ratio is presently -76.92%.

Insider Activity

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.61% of the company’s stock.

Institutional Trading of American International Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Artemis Investment Management LLP raised its position in shares of American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its stake in American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after acquiring an additional 3,490 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after acquiring an additional 4,468 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of American International Group during the 4th quarter valued at about $1,260,000. Finally, Williams & Novak LLC purchased a new position in shares of American International Group during the fourth quarter worth about $279,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

About American International Group

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.