Shares of American International Group Inc (NYSE:AIG) have been given a consensus rating of “Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $59.86.
A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 target price on shares of American International Group in a report on Friday. They noted that the move was a valuation call. Wells Fargo & Co decreased their price target on American International Group from $57.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays decreased their price target on American International Group from $71.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, November 12th. Morgan Stanley decreased their price target on American International Group from $65.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. Finally, Argus decreased their price target on American International Group from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd.
Shares of AIG traded down $1.51 during midday trading on Monday, reaching $37.90. 9,247,854 shares of the stock were exchanged, compared to its average volume of 7,480,186. American International Group has a twelve month low of $37.83 and a twelve month high of $65.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $34.86 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.38 and a beta of 1.49.
American International Group (NYSE:AIG) last posted its earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.40). American International Group had a positive return on equity of 3.44% and a negative net margin of 12.73%. The firm had revenue of $12 billion for the quarter, compared to analyst estimates of $12.44 billion. During the same period in the prior year, the business posted ($1.22) EPS. On average, equities research analysts predict that American International Group will post 2.6 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, December 11th. American International Group’s dividend payout ratio is presently 53.33%.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in American International Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 66,104,610 shares of the insurance provider’s stock valued at $3,519,409,000 after acquiring an additional 225,775 shares during the last quarter. FMR LLC grew its holdings in shares of American International Group by 25.1% during the third quarter. FMR LLC now owns 28,305,780 shares of the insurance provider’s stock worth $1,506,999,000 after purchasing an additional 5,684,245 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of American International Group by 5.1% during the third quarter. Macquarie Group Ltd. now owns 13,378,172 shares of the insurance provider’s stock worth $712,255,000 after purchasing an additional 644,330 shares during the last quarter. Capital International Investors bought a new stake in shares of American International Group during the third quarter worth about $698,240,000. Finally, Boston Partners grew its holdings in shares of American International Group by 82.5% during the second quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock worth $650,077,000 after purchasing an additional 5,543,692 shares during the last quarter. Hedge funds and other institutional investors own 90.18% of the company’s stock.
American International Group Company Profile
American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.
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