Mizuho Forecasts Strong Price Appreciation for American International Group (NYSE:AIG) Stock

American International Group (NYSE:AIG) had its price objective raised by investment analysts at Mizuho from $84.00 to $86.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price objective indicates a potential upside of 8.48% from the company’s current price.

Several other equities research analysts have also commented on the company. Morgan Stanley lowered 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 report on Monday, April 6th. Keefe, Bruyette & Woods upped their price objective on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Evercore dropped their target price on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Citigroup increased their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Cantor Fitzgerald increased their target price on American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and an average target price of $87.94.

American International Group Stock Performance

Shares of NYSE AIG opened at $79.28 on Wednesday. The stock has a market cap of $42.56 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.75 and a beta of 0.53. American International Group has a 12 month low of $71.25 and a 12 month high of $87.46. The company has a 50 day simple moving average of $76.82 and a two-hundred day simple moving average of $77.77. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. The company had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period last year, the firm earned $1.17 EPS. As a group, analysts predict that American International Group will post 7.86 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 company. Westfuller Advisors LLC acquired a new position in American International Group in the third quarter valued at approximately $26,000. Modus Advisors LLC acquired a new stake in American International Group during the fourth quarter worth $27,000. Atlantic Union Bankshares Corp raised its position in American International Group by 7,100.0% in the third 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 during the period. Navalign LLC acquired a new position in shares of American International Group in the 4th quarter valued at $29,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of American International Group during the 4th quarter worth $29,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

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.