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.
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