Investors Sell American International Group Inc. (AIG) on Strength (AIG)
Traders sold shares of American International Group Inc. (NYSE:AIG) on strength during trading hours on Thursday. $19.86 million flowed into the stock on the tick-up and $52.84 million flowed out of the stock on the tick-down, for a money net flow of $32.98 million out of the stock. Of all companies tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $0.03 for the day and closed at $58.94
Several research firms recently weighed in on AIG. Sanford C. Bernstein restated a “buy” rating on shares of American International Group in a report on Tuesday, May 3rd. Citigroup Inc. reiterated a “buy” rating on shares of American International Group in a report on Tuesday, May 3rd. Vetr lowered American International Group from a “hold” rating to a “sell” rating and set a $55.52 price target for the company. in a report on Wednesday, August 3rd. BTIG Research reiterated an “outperform” rating and set a $75.00 price target on shares of American International Group in a report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $66.00 price target on shares of American International Group in a report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.75.
The company’s market cap is $63.10 billion. The firm’s 50-day moving average is $56.40 and its 200-day moving average is $54.70.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. During the same period last year, the firm earned $1.39 earnings per share. On average, equities research analysts expect that American International Group Inc. will post $4.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.17%.
A hedge fund recently raised its stake in American International Group stock. Schwab Charles Investment Management Inc. raised its stake in shares of American International Group Inc. (NYSE:AIG) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,513,896 shares of the insurance provider’s stock after buying an additional 102,055 shares during the period. Schwab Charles Investment Management Inc. owned 0.28% of American International Group worth $217,757,000 at the end of the most recent 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.
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