American International Group, Inc. (NYSE:AIG) Receives Average Recommendation of “Hold” from Brokerages

Shares of American International Group, Inc. (NYSE:AIG) have been given a consensus rating of “Hold” by the twenty-three analysts that are presently covering the company, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $89.2778.

Several brokerages have weighed in on AIG. Morgan Stanley cut their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. The Goldman Sachs Group lowered their price objective on American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. Evercore ISI upped their target price on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Wolfe Research assumed coverage on American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Finally, Piper Sandler lifted their price target on American International Group from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, December 22nd.

Institutional Trading of American International Group

Several institutional investors have recently made changes to their positions in AIG. Westfuller Advisors LLC acquired a new position in American International Group in the third quarter valued at $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 purchasing an additional 355 shares in the last quarter. Eastern Bank grew its holdings in shares of 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 purchasing an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in American International Group during the 2nd quarter worth approximately $32,000. Finally, GFG Capital LLC purchased a new position in American International Group in the second quarter valued at approximately $33,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

NYSE:AIG opened at $85.64 on Friday. American International Group has a 12-month low of $69.24 and a 12-month high of $88.07. The firm has a market cap of $46.21 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 0.88 and a beta of 0.61. The company’s 50-day moving average is $79.98 and its two-hundred day moving average is $80.43. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The business 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 period in the previous year, the firm posted $1.23 earnings per share. Research analysts expect that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.1%. American International Group’s dividend payout ratio is 32.73%.

About American International Group

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.