Keefe, Bruyette & Woods Has Lowered Expectations for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective lowered by Keefe, Bruyette & Woods from $98.00 to $95.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 17.24% from the company’s current price.

Several other brokerages have also recently issued reports on AIG. Wells Fargo & Company lowered their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. BMO Capital Markets increased their target price on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Citigroup upped their price target on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Mizuho increased their price target on shares of American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group upped their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $87.44.

American International Group Price Performance

NYSE:AIG opened at $81.03 on Wednesday. The stock has a 50 day moving average of $75.90 and a two-hundred day moving average of $77.07. American International Group has a 12 month low of $71.25 and a 12 month high of $87.29. The firm has a market cap of $42.96 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 0.74 and a beta of 0.53. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last released its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter last year, the business posted $1.17 earnings per share. On average, analysts expect that American International Group will post 7.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American International Group

Large investors have recently bought and sold shares of the stock. Modus Advisors LLC acquired a new position in shares of American International Group during the fourth quarter worth about $27,000. Navalign LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of American International Group during the 4th quarter worth $29,000. SHP Wealth Management acquired a new position in shares of American International Group during the fourth quarter worth $34,000. Finally, CENTRAL TRUST Co increased its holdings in American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.