Piper Sandler Reiterates Neutral Rating for American International Group (NYSE:AIG)

American International Group (NYSE:AIG)‘s stock had its “neutral” rating reiterated by analysts at Piper Sandler in a research note issued on Wednesday,Benzinga reports. They currently have a $80.00 target price on the insurance provider’s stock, down from their previous target price of $88.00. Piper Sandler’s target price suggests a potential upside of 1.11% from the company’s current price.

Several other analysts have also commented on AIG. Wells Fargo & Company lifted their price objective on shares of American International Group from $85.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Barclays increased their target price on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Cantor Fitzgerald upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $85.00 to $92.00 in a research note on Thursday, July 9th. HSBC lowered their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, Mizuho increased their price objective on American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $88.00.

American International Group Trading Down 1.0%

Shares of American International Group stock opened at $79.12 on Wednesday. The firm has a market cap of $41.95 billion, a PE ratio of 13.95, a P/E/G ratio of 0.73 and a beta of 0.53. American International Group has a 1 year low of $71.25 and a 1 year high of $87.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a fifty day moving average price of $76.33 and a 200-day moving average price of $76.82.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period in the previous year, the firm earned $1.17 EPS. Equities research analysts anticipate that American International Group will post 8 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Modus Advisors LLC bought a new position in shares of American International Group in the fourth quarter worth $27,000. Navalign LLC bought a new stake in American International Group during the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new stake in American International Group during the fourth quarter valued at $29,000. SHP Wealth Management purchased a new position in American International Group during the fourth quarter worth about $34,000. Finally, Aventura Private Wealth LLC bought a new position in American International Group in the 4th quarter worth about $39,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.