Investors Sell American International Group Inc. (AIG) on Strength (AIG)
Investors sold shares of American International Group Inc. (NYSE:AIG) on strength during trading hours on Thursday. $36.19 million flowed into the stock on the tick-up and $107.02 million flowed out of the stock on the tick-down, for a money net flow of $70.83 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 $0.19 for the day and closed at $59.83
A number of analysts have issued reports on the company. BMO Capital Markets boosted their target price on American International Group from $58.86 to $64.00 and gave the company a “market perform” rating in a research report on Monday, August 22nd. Deutsche Bank AG boosted their target price on American International Group from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Thursday, August 11th. Goldman Sachs Group Inc. raised American International Group from a “buy” rating to a “conviction-buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 8th. Keefe, Bruyette & Woods boosted their target price on American International Group from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, FBR & Co restated a “hold” rating and issued a $53.00 price target on shares of American International Group in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $64.75.
The stock has a 50-day moving average of $57.43 and a 200-day moving average of $55.00. The stock’s market capitalization is $64.09 billion.
American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. During the same quarter last year, the business earned $1.39 EPS. Equities analysts predict that American International Group Inc. will post $4.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, September 13th.
An institutional investor recently raised its position in American International Group stock. Schwab Charles Investment Management Inc. boosted its position in shares of American International Group Inc. (NYSE:AIG) by 3.0% during the fourth quarter, according to its most recent disclosure 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 as of its most recent filing with the SEC.
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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