TD Cowen Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its target price increased by stock analysts at TD Cowen from $86.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the insurance provider’s stock. TD Cowen’s target price suggests a potential upside of 4.46% from the company’s previous close.

Other research analysts also recently issued research reports about the company. HSBC cut their target price on American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 8th. Morgan Stanley decreased their target price on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of American International Group in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $88.61.

American International Group Price Performance

Shares of NYSE:AIG opened at $86.16 on Tuesday. The firm has a market capitalization of $46.49 billion, a PE ratio of 15.67, a P/E/G ratio of 0.89 and a beta of 0.62. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $78.54 and a two-hundred day moving average price of $80.28. American International Group has a twelve month low of $69.24 and a twelve month high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company posted $1.23 EPS. Equities analysts forecast that American International Group will post 6.24 EPS for the current year.

Institutional Trading of American International Group

Hedge funds have recently made changes to their positions in the stock. Westfuller Advisors LLC purchased a new stake in American International Group during the third quarter valued at about $26,000. Atlantic Union Bankshares Corp boosted its holdings in American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 355 shares during the period. GFG Capital LLC bought a new position in American International Group during the 2nd quarter worth approximately $33,000. Eastern Bank increased its stake in American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in American International Group in the 2nd quarter worth approximately $32,000. 90.60% of the stock is owned by institutional investors.

About American International Group

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.