HSBC Boosts American International Group (NYSE:AIG) Price Target to $94.00

American International Group (NYSE:AIG) had its target price hoisted by stock analysts at HSBC from $89.00 to $94.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has a “buy” rating on the insurance provider’s stock. HSBC’s target price points to a potential upside of 21.10% from the stock’s current price.

A number of other research firms also recently commented on AIG. The Goldman Sachs Group dropped their price objective on shares of American International Group from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. 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 report on Thursday, February 12th. Piper Sandler reduced their target price on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. UBS Group upped their price objective on American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday. Finally, Mizuho lowered their price target on American International Group from $86.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $87.71.

American International Group Trading Down 1.5%

Shares of American International Group stock opened at $77.63 on Monday. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $87.46. The firm has a market cap of $41.68 billion, a PE ratio of 13.78, a P/E/G ratio of 0.60 and a beta of 0.53. The business’s fifty day moving average is $76.85 and its two-hundred day moving average is $77.79. 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 (NYSE:AIG) last announced its quarterly earnings data on Thursday, April 30th. 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 return on equity of 10.88% and a net margin of 11.86%.The business had revenue of $7.02 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. Analysts anticipate that American International Group will post 7.75 earnings per share for the current year.

Institutional Trading of American International Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors boosted its stake in American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after purchasing an additional 12,645,616 shares during the period. Norges Bank acquired a new stake in shares of American International Group in the fourth quarter worth $636,782,000. Vanguard Group Inc. raised its position in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in American International Group by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after acquiring an additional 4,661,246 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in American International Group by 36.9% during the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after acquiring an additional 4,210,363 shares during the period. 90.60% of the stock is currently owned by institutional investors.

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.