American International Group (NYSE:AIG) Earns “Buy” Rating from Morgan Stanley

Morgan Stanley reiterated their buy rating on shares of American International Group (NYSE:AIG) in a report published on Monday morning, AnalystRatings.com reports. The brokerage currently has a $63.00 target price on the insurance provider’s stock.

Several other equities analysts have also recently weighed in on the company. William Blair raised American International Group from a market perform rating to an outperform rating in a report on Thursday, July 18th. Zacks Investment Research cut American International Group from a buy rating to a hold rating and set a $57.00 price target on the stock. in a report on Thursday, August 8th. ValuEngine cut American International Group from a buy rating to a hold rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods increased their price target on American International Group from $58.00 to $62.00 and gave the company an outperform rating in a report on Sunday, July 7th. Finally, Barclays increased their price target on American International Group from $50.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $57.03.

NYSE AIG opened at $53.39 on Monday. The company’s fifty day moving average price is $55.26. The company has a market cap of $47.91 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.27 and a quick ratio of 0.27. American International Group has a 1-year low of $36.16 and a 1-year high of $57.58.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.26. The firm had revenue of $12.16 billion for the quarter, compared to analysts’ expectations of $12.07 billion. American International Group had a positive return on equity of 3.04% and a negative net margin of 0.24%. During the same period in the prior year, the firm earned $1.05 EPS. As a group, analysts expect that American International Group will post 5.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.28 dividend on an annualized basis and a yield of 2.40%. American International Group’s dividend payout ratio is currently 109.40%.

In related news, CEO Seraina Macia sold 7,550 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $56.00, for a total value of $422,800.00. Following the transaction, the chief executive officer now directly owns 11,055 shares of the company’s stock, valued at approximately $619,080. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Therese M. Vaughan bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $51.71 per share, for a total transaction of $51,710.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at approximately $51,710. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Pathstone Family Office LLC bought a new stake in American International Group during the second quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in American International Group during the first quarter valued at about $29,000. Clean Yield Group bought a new stake in American International Group during the second quarter valued at about $40,000. Rational Advisors LLC bought a new stake in American International Group during the first quarter valued at about $45,000. Finally, Point72 Hong Kong Ltd bought a new stake in American International Group during the second quarter valued at about $46,000. 89.88% of the stock is currently owned by institutional investors.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Analyst Recommendations for American International Group (NYSE:AIG)

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