Deutsche Bank upgraded shares of American International Group (NYSE:AIG) from a sell rating to a hold rating in a report released on Wednesday morning, MarketBeat reports. Deutsche Bank currently has $59.00 price target on the insurance provider’s stock, up from their prior price target of $58.00.
A number of other equities analysts also recently commented on the company. Buckingham Research initiated coverage on American International Group in a report on Monday, September 11th. They issued an underperform rating and a $52.00 price objective on the stock. Royal Bank Of Canada restated a buy rating and issued a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. Wells Fargo & Company set a $75.00 price objective on American International Group and gave the stock a buy rating in a report on Tuesday, October 17th. Barclays cut their price objective on American International Group from $74.00 to $71.00 and set an overweight rating on the stock in a report on Monday, October 16th. Finally, Bank of America downgraded American International Group from a buy rating to a neutral rating and set a $69.00 price objective on the stock. in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. American International Group currently has an average rating of Hold and a consensus price target of $67.70.
American International Group (NYSE AIG) opened at $59.51 on Wednesday. The company has a market capitalization of $53,533.03, a PE ratio of 23.73, a PEG ratio of 1.96 and a beta of 1.17. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a twelve month low of $57.90 and a twelve month high of $67.47.
American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter last year, the business earned $1.23 earnings per share. equities research analysts anticipate that American International Group will post 2.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s dividend payout ratio (DPR) is currently -51.00%.
Several hedge funds have recently bought and sold shares of AIG. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of American International Group by 121.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock valued at $959,607,000 after buying an additional 8,586,682 shares in the last quarter. Boston Partners grew its stake in American International Group by 262.4% during the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after purchasing an additional 4,968,504 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after purchasing an additional 3,144,446 shares in the last quarter. Prudential Financial Inc. grew its stake in American International Group by 202.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after purchasing an additional 2,683,775 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in American International Group during the 2nd quarter valued at approximately $134,359,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
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American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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