American International Group, Inc. (NYSE:AIG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $88.12.

AIG has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company increased their price target on American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group boosted their price objective on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st.

American International Group Price Performance

American International Group stock opened at $84.21 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. American International Group has a 52 week low of $69.00 and a 52 week high of $88.07. The stock has a market capitalization of $48.53 billion, a P/E ratio of -31.66, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The stock has a fifty day moving average of $83.01 and a 200-day moving average of $78.99.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, sell-side analysts expect that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, June 13th. This is a boost from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.14%. American International Group’s dividend payout ratio is presently -67.67%.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, the executive vice president now owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invst LLC acquired a new position in shares of American International Group during the 1st quarter valued at $737,000. Strs Ohio bought a new stake in American International Group in the first quarter valued at $22,278,000. GK Wealth Management LLC acquired a new position in shares of American International Group during the first quarter valued at about $249,000. Geneos Wealth Management Inc. boosted its position in shares of American International Group by 49.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,943 shares of the insurance provider’s stock worth $430,000 after purchasing an additional 1,630 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of American International Group during the 1st quarter worth about $231,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.