Morgan Stanley Reiterates Buy Rating for American International Group (NYSE:AIG)

Morgan Stanley restated their buy rating on shares of American International Group (NYSE:AIG) in a research report sent to investors on Monday, AnalystRatings.com reports. They currently have a $63.00 price target on the insurance provider’s stock.

AIG has been the subject of a number of other research reports. Barclays boosted their target price on American International Group from $50.00 to $60.00 and gave the stock an overweight rating in a research report on Wednesday, May 22nd. Royal Bank of Canada boosted their target price on American International Group to $68.00 and gave the stock an outperform rating in a research report on Friday, August 9th. Deutsche Bank downgraded American International Group from a buy rating to a hold rating and set a $53.35 target price for the company. in a research report on Wednesday, June 5th. They noted that the move was a valuation call. ValuEngine downgraded American International Group from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded American International Group from a buy rating to a hold rating and set a $57.00 target price for the company. in a research report on Thursday, August 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. American International Group presently has a consensus rating of Buy and an average target price of $57.03.

AIG stock opened at $53.74 on Monday. The company has a market cap of $48.82 billion, a P/E ratio of 27.51, a PEG ratio of 0.99 and a beta of 1.19. American International Group has a twelve month low of $36.16 and a twelve month high of $57.58. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average of $55.29 and a 200-day moving average of $49.13.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 7th. The insurance provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.26. The company had revenue of $12.16 billion during the quarter, compared to the consensus estimate of $12.07 billion. American International Group had a positive return on equity of 2.97% and a negative net margin of 0.24%. During the same quarter in the previous year, the company posted $1.05 earnings per share. As a group, equities research analysts anticipate that American International Group will post 5.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be issued a $0.32 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.28 dividend on an annualized basis and a yield of 2.38%. American International Group’s dividend payout ratio is presently 109.40%.

In related news, Director Therese M. Vaughan acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $51.71 per share, for a total transaction of $51,710.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $51,710. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Seraina Macia sold 7,550 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $56.00, for a total value of $422,800.00. Following the completion of the sale, the chief executive officer now owns 11,055 shares of the company’s stock, valued at approximately $619,080. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. First Bank & Trust grew its stake in American International Group by 7.6% in the second quarter. First Bank & Trust now owns 3,083 shares of the insurance provider’s stock valued at $164,000 after acquiring an additional 218 shares during the period. OLD National Bancorp IN grew its stake in American International Group by 0.9% in the second quarter. OLD National Bancorp IN now owns 24,491 shares of the insurance provider’s stock valued at $1,305,000 after acquiring an additional 230 shares during the period. CIBC Asset Management Inc grew its stake in American International Group by 0.3% in the second quarter. CIBC Asset Management Inc now owns 82,798 shares of the insurance provider’s stock valued at $4,411,000 after acquiring an additional 252 shares during the period. National Asset Management Inc. grew its stake in American International Group by 3.5% in the second quarter. National Asset Management Inc. now owns 7,627 shares of the insurance provider’s stock valued at $407,000 after acquiring an additional 258 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its stake in American International Group by 2.9% in the second quarter. Duff & Phelps Investment Management Co. now owns 9,515 shares of the insurance provider’s stock valued at $507,000 after acquiring an additional 270 shares during the period. 89.88% of the stock is owned by hedge funds and other institutional investors.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. 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, crop, and marine insurance.

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Analyst Recommendations for American International Group (NYSE:AIG)

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