American International Group (NYSE:AIG) Price Target Cut to $84.00 by Analysts at Mizuho

American International Group (NYSE:AIG) had its price objective reduced by analysts at Mizuho from $86.00 to $84.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price target would indicate a potential upside of 8.63% from the company’s current price.

Other research analysts also recently issued research reports about the stock. TD Cowen lifted 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 report on Tuesday, December 16th. 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. Bank of America cut their price objective on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. UBS Group cut their price objective on American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, American International Group has an average rating of “Hold” and an average target price of $87.47.

American International Group Stock Up 0.6%

Shares of NYSE AIG traded up $0.46 during midday trading on Monday, reaching $77.33. The company’s stock had a trading volume of 689,585 shares, compared to its average volume of 4,541,481. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $87.46. The stock has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.59 and a beta of 0.59. The stock has a 50 day simple moving average of $77.05 and a 200-day simple moving average of $78.23.

American International Group (NYSE:AIG) last posted 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 net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the company earned $1.30 earnings per share. Equities research analysts predict that American International Group will post 6.24 earnings per share for the current year.

Hedge Funds Weigh In On American International Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westfuller Advisors LLC acquired a new position in shares of American International Group in the third quarter valued at about $26,000. Modus Advisors LLC acquired a new position in shares of American International Group in the fourth quarter valued at about $27,000. Atlantic Union Bankshares Corp grew its stake in shares of 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 acquiring an additional 355 shares in the last quarter. Navalign LLC acquired a new position in shares of American International Group in the fourth quarter valued at about $29,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group in the fourth quarter valued at about $29,000. 90.60% of the stock is 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.