Traders Buy Shares of American International Group Inc. (AIG) on Weakness
Investors purchased shares of American International Group Inc. (NYSE:AIG) on weakness during trading on Friday. $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 stocks tracked, American International Group had the 27th highest net in-flow for the day. American International Group traded down ($0.42) for the day and closed at $59.41
Several research firms have issued reports on AIG. Vetr cut American International Group from a “strong-buy” rating to a “buy” rating and set a $59.24 price objective for the company. in a research report on Wednesday, June 22nd. Zacks Investment Research upgraded American International Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 21st. Deutsche Bank AG raised their price target on American International Group from $58.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Atlantic Securities upgraded American International Group from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research report 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 report on Tuesday, May 10th. Two equities 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 assigned a strong buy rating to the stock. American International Group has an average rating of “Buy” and a consensus price target of $64.75.
The company has a 50-day moving average of $57.43 and a 200-day moving average of $55.00. The company’s market cap is $64.09 billion.
American International Group (NYSE:AIG) last announced its earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. During the same period last year, the business earned $1.39 EPS. On average, equities research analysts predict that American International Group Inc. will post $4.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend 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. raised its stake in shares of American International Group Inc. (NYSE:AIG) by 3.0% during the fourth quarter, according to its most recent 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 about 0.28% of American International Group worth $217,757,000 as of its most recent SEC filing.
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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