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

Shares of American International Group, Inc. (NYSE:AIG) have been assigned an average rating of “Hold” from the twenty analysts that are covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $87.4706.

AIG has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Wells Fargo & Company dropped their price objective on American International Group from $87.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Mizuho dropped their price objective on American International Group from $86.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Barclays dropped their price objective on American International Group from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th.

American International Group Stock Performance

Shares of American International Group stock opened at $77.85 on Tuesday. The stock has a market cap of $41.80 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. The business has a fifty day simple moving average of $77.13 and a 200-day simple moving average of $78.24. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group has a 12 month low of $71.25 and a 12 month high of $87.46.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter last year, the firm earned $1.30 earnings per share. On average, sell-side analysts anticipate that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is 33.21%.

Institutional Investors Weigh In On American International Group

A number of institutional investors have recently added to or reduced their stakes in AIG. Modus Advisors LLC acquired a new stake in American International Group during the fourth quarter valued at approximately $27,000. Navalign LLC acquired a new position in shares of American International Group in the 4th quarter worth approximately $29,000. Westfuller Advisors LLC acquired a new position in shares of American International Group in the 3rd quarter worth approximately $26,000. Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group in the 4th quarter worth approximately $29,000. Finally, Atlantic Union Bankshares Corp boosted its holdings 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 worth $28,000 after acquiring an additional 355 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

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.