HSBC Issues Pessimistic Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective decreased by equities research analysts at HSBC from $94.00 to $88.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. HSBC’s price objective would suggest a potential upside of 10.92% from the stock’s current price.

Several other equities research analysts have also commented on AIG. UBS Group lifted their price target on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Citigroup lifted their target price on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Mizuho boosted their target price on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Barclays upped their target price on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.61.

American International Group Price Performance

AIG stock opened at $79.33 on Monday. The business has a 50 day moving average price of $75.69 and a 200 day moving average price of $77.13. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market cap of $42.06 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.73 and a beta of 0.53. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 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 10.93%. During the same period in the prior year, the firm posted $1.17 earnings per share. Equities research analysts anticipate that American International Group will post 7.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American International Group

Hedge funds have recently added to or reduced their stakes in the business. Modus Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $27,000. Navalign LLC purchased a new stake in American International Group in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. purchased a new stake in American International Group in the 4th quarter valued at approximately $29,000. SHP Wealth Management acquired a new stake in American International Group during the 4th quarter valued at $34,000. Finally, CENTRAL TRUST Co increased its position in American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.