Morgan Stanley Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective lifted by Morgan Stanley from $76.00 to $82.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

A number of other research analysts also recently issued reports on AIG. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company boosted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods upped their target price on American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their target price on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $87.12.

American International Group Stock Performance

Shares of NYSE:AIG opened at $78.83 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $79.60 and a 200-day moving average price of $76.34. The company has a market cap of $46.77 billion, a price-to-earnings ratio of -37.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group has a 12 month low of $69.00 and a 12 month high of $88.07.

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

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On American International Group

Several institutional investors have recently modified their holdings of AIG. Snowden Capital Advisors LLC grew its position in American International Group by 1.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 146 shares during the period. Catalina Capital Group LLC grew its holdings in shares of American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 148 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its position in American International Group by 1.8% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock valued at $641,000 after acquiring an additional 152 shares during the last quarter. Pitcairn Co. lifted its holdings in American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock valued at $536,000 after acquiring an additional 158 shares during the period. Finally, Integrated Advisors Network LLC boosted its position in American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after purchasing an additional 161 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.