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

American International Group, Inc. (NYSE:AIG) has received a consensus recommendation of “Hold” from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $87.4211.

A number of analysts have recently commented on AIG shares. Keefe, Bruyette & Woods upped their price target on American International Group from $91.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group boosted their target price on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. The Goldman Sachs Group raised their price target on American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company upped their price target on shares of American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Finally, TD Cowen raised their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC bought a new stake in American International Group in the 4th quarter worth about $1,091,000. Sivia Capital Partners LLC grew its stake in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares during the period. Diversified Trust Co grew its stake in shares of American International Group by 4.1% in the second quarter. Diversified Trust Co now owns 3,495 shares of the insurance provider’s stock worth $299,000 after acquiring an additional 138 shares during the period. UMB Bank n.a. raised its holdings in shares of American International Group by 27.4% during the second quarter. UMB Bank n.a. now owns 2,499 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 538 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in American International Group by 23.7% during the second quarter. Farther Finance Advisors LLC now owns 8,932 shares of the insurance provider’s stock valued at $765,000 after purchasing an additional 1,709 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $73.39 on Thursday. The company’s fifty day moving average price is $78.96 and its 200-day moving average price is $79.21. The stock has a market cap of $39.60 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. 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 has a 12 month low of $71.25 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the company posted $1.23 EPS. On average, equities analysts expect that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.5%. 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.