American International Group (NYSE:AIG) Upgraded by Mizuho to “Hold” Rating

Mizuho upgraded shares of American International Group (NYSE:AIG) to a hold rating in a research report released on Monday,Zacks.com reports.

Several other research firms also recently commented on AIG. Jefferies Financial Group dropped their target price on American International Group from $99.00 to $96.00 in a research report on Friday, November 7th. Wall Street Zen lowered shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group cut their target price on shares of American International Group from $84.00 to $81.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. UBS Group upped their price target on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Barclays lowered shares of American International Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $95.00 to $88.00 in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, American International Group has a consensus rating of “Hold” and an average price target of $88.61.

American International Group Stock Performance

NYSE AIG opened at $84.52 on Monday. The firm’s fifty day moving average price is $78.55 and its two-hundred day moving average price is $80.28. The stock has a market cap of $45.61 billion, a PE ratio of 15.37, a PEG ratio of 0.90 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. American International Group has a fifty-two week low of $69.24 and a fifty-two week 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. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same period in the prior year, the company earned $1.23 EPS. On average, equities analysts expect that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.1%. American International Group’s payout ratio is presently 32.73%.

Institutional Trading of American International Group

A number of large investors have recently bought and sold shares of the business. Westfuller Advisors LLC bought a new stake in shares of American International Group during the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp increased its holdings in American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares in the last quarter. Eastern Bank lifted its stake in American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after buying an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group during the 2nd quarter worth approximately $32,000. Finally, GFG Capital LLC acquired a new stake in shares of American International Group during the 2nd quarter worth approximately $33,000. 90.60% of the stock is currently 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.