American International Group (NYSE:AIG) Research Coverage Started at Mizuho

Mizuho began coverage on shares of American International Group (NYSE:AIG) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $84.00 price objective on the insurance provider’s stock.

Several other research analysts also recently commented on the company. Morgan Stanley cut their target price on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. UBS Group increased their price target on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. HSBC decreased their target price on shares of American International Group from $93.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Bank of America raised their price target on shares of American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Finally, The Goldman Sachs Group decreased their price target on shares of American International Group from $84.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.89.

American International Group Trading Up 0.1%

Shares of AIG opened at $86.19 on Tuesday. The firm has a market cap of $46.51 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.89 and a beta of 0.62. American International Group has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The business has a 50-day moving average of $78.65 and a 200 day moving average of $80.37.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same quarter last year, the company earned $1.23 earnings per share. As a group, research analysts forecast that American International Group will post 6.24 EPS for the current year.

American International Group Announces Dividend

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

Hedge Funds Weigh In On American International Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Westfuller Advisors LLC bought a new stake in American International Group in the third quarter worth $26,000. Atlantic Union Bankshares Corp lifted its stake in shares of American International Group by 7,100.0% in 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 last quarter. GFG Capital LLC purchased a new stake in American International Group during the 2nd quarter valued at about $33,000. Eastern Bank grew its position in American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 371 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in American International Group in the 2nd quarter worth approximately $32,000. Institutional investors own 90.60% of the company’s stock.

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.