Morgan Stanley Has Lowered Expectations for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its target price lowered by research analysts at Morgan Stanley from $83.00 to $82.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 8.68% from the stock’s previous close.

Several other analysts also recently issued reports on AIG. Mizuho upped their price target on shares of American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. The Goldman Sachs Group raised American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, March 5th. HSBC increased their target price on American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Keefe, Bruyette & Woods upped their price objective on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Piper Sandler decreased their price objective on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $87.94.

American International Group Stock Performance

AIG opened at $75.45 on Monday. American International Group has a 1-year low of $71.25 and a 1-year high of $87.47. The stock has a market cap of $40.51 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.58 and a beta of 0.59. The stock’s 50 day simple moving average is $76.77 and its 200 day simple moving average is $78.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. As a group, equities analysts anticipate that American International Group will post 6.24 EPS for the current fiscal year.

Institutional Investors Weigh In On American International Group

Institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors grew its stake in shares of American International Group by 79.6% during the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after buying an additional 12,645,616 shares during the period. Norges Bank purchased a new position in shares of American International Group in the 4th quarter worth $636,782,000. Vanguard Group Inc. boosted its holdings in American International Group by 11.6% in the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after acquiring an additional 7,117,583 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in American International Group by 39.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after acquiring an additional 4,661,246 shares during the period. Finally, Franklin Resources Inc. increased its stake in American International Group by 36.9% during the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after acquiring an additional 4,210,363 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other 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.