American International Group Inc. (NYSE:AIG)’s share price gapped up prior to trading on Monday . The stock had previously closed at $58.85, but opened at $59.10. American International Group shares last traded at $59.72, with a volume of 2,418,442 shares trading hands.

Several equities analysts recently issued reports on AIG shares. Deutsche Bank AG reiterated a “hold” rating and issued a $56.00 price objective on shares of American International Group in a research report on Sunday, April 17th. Vetr upgraded American International Group from a “buy” rating to a “strong-buy” rating and set a $63.34 price objective for the company in a research report on Thursday, June 9th. Wells Fargo & Co. upgraded American International Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $50.20 to $63.67 in a research report on Tuesday, May 17th. Zacks Investment Research lowered American International Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 5th. Finally, FBR & Co decreased their price objective on American International Group from $56.00 to $53.00 and set a “mkt perform” rating for the company in a research report on Tuesday, May 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. American International Group currently has an average rating of “Buy” and a consensus price target of $64.43.

The stock has a 50 day moving average of $53.94 and a 200-day moving average of $54.33. The company’s market cap is $63.59 billion.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. During the same period in the previous year, the company posted $1.39 earnings per share. On average, equities research analysts anticipate that American International Group Inc. will post $3.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.16%.

A number of hedge funds have modified their holdings of AIG. Pitcairn Co. increased its stake in shares of American International Group by 5.4% in the fourth quarter. Pitcairn Co. now owns 27,479 shares of the insurance provider’s stock valued at $1,703,000 after buying an additional 1,402 shares in the last quarter. Braver Wealth Management LLC increased its stake in shares of American International Group by 3.3% in the fourth quarter. Braver Wealth Management LLC now owns 48,286 shares of the insurance provider’s stock valued at $2,992,000 after buying an additional 1,551 shares in the last quarter. Tradition Capital Management LLC increased its stake in shares of American International Group by 2.0% in the fourth quarter. Tradition Capital Management LLC now owns 91,465 shares of the insurance provider’s stock valued at $5,668,000 after buying an additional 1,797 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of American International Group by 31.5% in the fourth quarter. Suntrust Banks Inc. now owns 58,704 shares of the insurance provider’s stock valued at $3,636,000 after buying an additional 14,076 shares in the last quarter. Finally, Atlantic Trust Group LLC increased its stake in shares of American International Group by 95.7% in the fourth quarter. Atlantic Trust Group LLC now owns 30,258 shares of the insurance provider’s stock valued at $1,875,000 after buying an additional 14,800 shares in the last quarter.

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.