American International Group (NYSE:AIG) Rating Increased to Hold at Royal Bank Of Canada

American International Group (NYSE:AIG) was upgraded by investment analysts at Royal Bank Of Canada to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on AIG. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a report on Tuesday, August 12th. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research report on Monday, August 11th. Piper Sandler lowered their price target on American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. JPMorgan Chase & Co. lifted their price objective on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Finally, Bank of America increased their target price on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.44.

American International Group Stock Up 1.5%

NYSE:AIG opened at $76.13 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50-day moving average price is $78.47 and its 200-day moving average price is $80.68. The company has a market capitalization of $41.08 billion, a PE ratio of 14.42, a P/E/G ratio of 0.77 and a beta of 0.73. American International Group has a 1-year low of $69.24 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter last year, the company earned $1.23 EPS. On average, equities analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

Hedge Funds Weigh In On American International Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of American International Group in the fourth quarter worth $1,091,000. Avantax Advisory Services Inc. raised its stake in American International Group by 14.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,341 shares of the insurance provider’s stock worth $1,508,000 after acquiring an additional 2,205 shares during the last quarter. Cetera Investment Advisers lifted its position in American International Group by 29.5% during the 1st quarter. Cetera Investment Advisers now owns 68,893 shares of the insurance provider’s stock worth $5,990,000 after acquiring an additional 15,684 shares during the period. LPL Financial LLC lifted its position in American International Group by 49.0% during the 1st quarter. LPL Financial LLC now owns 501,234 shares of the insurance provider’s stock worth $43,577,000 after acquiring an additional 164,903 shares during the period. Finally, GSA Capital Partners LLP grew its stake in American International Group by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 9,157 shares of the insurance provider’s stock valued at $796,000 after purchasing an additional 180 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Company Profile

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.