Traders Buy American International Group Inc. (AIG) on Weakness
Investors bought shares of American International Group Inc. (NYSE:AIG) on weakness during trading on Thursday. $52.02 million flowed into the stock on the tick-up and $30.74 million flowed out of the stock on the tick-down, for a money net flow of $21.28 million into the stock. Of all companies tracked, American International Group had the 46th highest net in-flow for the day. American International Group traded down ($0.42) for the day and closed at $59.41
A number of brokerages recently commented on AIG. Vetr lowered American International Group from a “strong-buy” rating to a “buy” rating and set a $59.24 price target for the company. in a research note on Wednesday, June 22nd. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 21st. Deutsche Bank AG raised their price target on American International Group from $58.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Atlantic Securities raised American International Group from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Thursday, June 30th. They noted that the move was a valuation call. Finally, FBR & Co dropped their price target on American International Group from $56.00 to $53.00 and set a “mkt perform” rating for the company in a research note on Tuesday, May 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. American International Group has a consensus rating of “Buy” and a consensus target price of $64.75.
The company’s market cap is $64.09 billion. The firm’s 50-day moving average price is $57.43 and its 200-day moving average price is $55.00.
American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. During the same period in the previous year, the firm earned $1.39 EPS. Equities analysts predict that American International Group Inc. will post $4.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend 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. increased its position in American International Group Inc. (NYSE:AIG) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 approximately 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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