The Goldman Sachs Group Forecasts Strong Price Appreciation for American International Group (NYSE:AIG) Stock

American International Group (NYSE:AIG) had its price objective upped by The Goldman Sachs Group from $79.00 to $87.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

AIG has been the topic of a number of other research reports. Wells Fargo & Company raised their price target on 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. Morgan Stanley boosted their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. 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. Finally, BMO Capital Markets increased their target price on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Eight investment 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.76.

American International Group Trading Down 1.7 %

American International Group stock opened at $86.23 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The stock has a market cap of $51.16 billion, a P/E ratio of -41.46, a PEG ratio of 1.01 and a beta of 0.98. The firm’s fifty day moving average price is $79.49 and its 200-day moving average price is $76.30.

American International Group (NYSE:AIG) last announced 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Equities research analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s payout ratio is -76.92%.

Insider Activity at American International Group

In related news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in American International Group by 359.9% in the first quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 871 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of American International Group by 62.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider’s stock worth $4,812,000 after buying an additional 25,458 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of American International Group by 0.9% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock worth $1,437,000 after acquiring an additional 169 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of American International Group in the 4th quarter worth about $28,113,000. Finally, Integrated Advisors Network LLC lifted its position in American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock valued at $1,188,000 after acquiring an additional 161 shares during the period. 90.60% of the stock is currently 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.