Shares of American International Group Inc (NYSE:AIG) have been assigned an average recommendation of “Buy” from the twenty-four brokerages that are covering the firm. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $64.82.

A number of brokerages have recently weighed in on AIG. Royal Bank of Canada reiterated a “buy” rating and issued a $71.00 price target on shares of American International Group in a report on Monday. Deutsche Bank AG downgraded American International Group from a “hold” rating to a “sell” rating and lowered their price target for the company from $6.00 to $5.00 in a report on Monday, March 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $70.00 price target on shares of American International Group in a report on Saturday, March 11th. Credit Suisse Group AG set a $72.00 price target on American International Group and gave the company a “buy” rating in a report on Thursday, March 2nd. Finally, TheStreet downgraded American International Group from a “b-” rating to a “c” rating in a report on Friday, February 24th.

In other American International Group news, insider Philip Fasano sold 6,000 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $63.59, for a total transaction of $381,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AIG. Capital Research Global Investors raised its position in shares of American International Group by 0.4% in the third quarter. Capital Research Global Investors now owns 69,980,655 shares of the insurance provider’s stock worth $4,152,652,000 after buying an additional 270,600 shares during the period. FMR LLC raised its position in shares of American International Group by 67.3% in the fourth quarter. FMR LLC now owns 14,281,652 shares of the insurance provider’s stock worth $932,734,000 after buying an additional 5,745,079 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of American International Group by 14.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,274,953 shares of the insurance provider’s stock worth $669,056,000 after buying an additional 1,464,434 shares during the period. Cohen & Steers Inc. raised its position in shares of American International Group by 4,949.7% in the second quarter. Cohen & Steers Inc. now owns 8,603,093 shares of the insurance provider’s stock worth $454,846,000 after buying an additional 8,432,725 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of American International Group by 4.9% in the third quarter. Canada Pension Plan Investment Board now owns 8,597,827 shares of the insurance provider’s stock worth $510,195,000 after buying an additional 399,498 shares during the period. Institutional investors own 83.72% of the company’s stock.

Shares of American International Group (NYSE:AIG) opened at 62.37 on Tuesday. The firm’s market cap is $61.10 billion. The firm has a 50-day moving average price of $63.97 and a 200-day moving average price of $62.84. American International Group has a 12-month low of $48.41 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 14th. The insurance provider reported ($2.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by $3.90. American International Group had a net margin of 0.66% and a return on equity of 1.82%. During the same period in the prior year, the company earned ($1.10) earnings per share. On average, equities research analysts expect that American International Group will post $4.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, March 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. American International Group’s dividend payout ratio (DPR) is presently 290.92%.

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About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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