American International Group, Inc. (NYSE:AIG) Receives $88.00 Consensus PT from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have earned a consensus rating of “Hold” from the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $88.2222.

A number of brokerages have recently issued reports on AIG. Barclays upped 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 report on Friday, May 1st. Cantor Fitzgerald upgraded American International Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $85.00 to $92.00 in a report on Thursday, July 9th. HSBC lowered their price target on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Morgan Stanley cut their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, Wells Fargo & Company boosted their target price on American International Group from $85.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th.

American International Group Price Performance

Shares of AIG opened at $79.77 on Thursday. The company has a market cap of $42.29 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.74 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’s fifty day simple moving average is $76.50 and its 200 day simple moving average is $76.61. 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 announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the company posted $1.17 earnings per share. On average, research analysts forecast that American International Group will post 8 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is 35.27%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Modus Advisors LLC bought a new stake in shares of American International Group during the fourth quarter worth approximately $27,000. Navalign LLC bought a new position in shares of American International Group during the fourth quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in American International Group during the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new stake in American International Group during the 4th quarter worth approximately $34,000. Finally, Aventura Private Wealth LLC bought a new stake in American International Group in the 4th quarter valued at $39,000. 90.60% of the stock is owned by 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.