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 Wednesday. $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 stocks 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
Several research firms have recently weighed in on AIG. BMO Capital Markets raised their price objective on shares of 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 raised their price objective on shares of 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. upgraded shares of American International Group from a “buy” rating to a “conviction-buy” rating and set a $68.00 price objective for the company in a research report on Monday, August 8th. Keefe, Bruyette & Woods raised their price objective on shares of 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 set a $53.00 price objective on shares of American International Group in a research report on Thursday, August 4th. 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 assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $64.75.
The firm’s market cap is $64.06 billion. The firm has a 50 day moving average price of $57.12 and a 200-day moving average price of $54.93.
American International Group (NYSE:AIG) last released its earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. During the same period in the prior year, the firm posted $1.39 earnings per share. Analysts forecast that American International Group Inc. will post $4.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, September 13th.
A hedge fund recently raised its stake in American International Group stock. Schwab Charles Investment Management Inc. boosted 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 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 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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