Barclays Reiterates “Overweight” Rating for American International Group (AIG)

American International Group (NYSE:AIG)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a report released on Tuesday. They presently have a $71.00 target price on the insurance provider’s stock, up from their prior target price of $68.00. Barclays’ target price would suggest a potential upside of 17.98% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $74.00 price target on shares of American International Group in a research report on Wednesday, December 6th. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target for the company. in a research report on Friday, November 3rd. Goldman Sachs Group assumed coverage on American International Group in a research report on Monday, December 4th. They set a “neutral” rating and a $61.00 price target for the company. Finally, Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and lifted their price target for the company from $58.00 to $59.00 in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. American International Group has a consensus rating of “Hold” and an average price target of $66.91.

Shares of American International Group (NYSE:AIG) opened at $60.18 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a twelve month low of $57.85 and a twelve month high of $67.30. The company has a market capitalization of $54,100.00, a PE ratio of 120.36, a P/E/G ratio of 0.96 and a beta of 1.17.

American International Group (NYSE:AIG) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same period last year, the company posted ($2.96) EPS. analysts expect that American International Group will post 5.64 EPS for the current fiscal year.

In other news, insider Claudine Macartney sold 2,052 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of AIG. Bank of Nova Scotia Trust Co. purchased a new stake in shares of American International Group in the third quarter valued at approximately $109,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of American International Group in the fourth quarter valued at approximately $134,000. Chicago Partners Investment Group LLC acquired a new stake in shares of American International Group in the third quarter worth approximately $163,000. Rational Advisors LLC boosted its stake in shares of American International Group by 100.0% in the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 1,500 shares during the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of American International Group in the third quarter worth approximately $200,000. Institutional investors and hedge funds own 86.74% 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.

Analyst Recommendations for American International Group (NYSE:AIG)

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