Investors 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 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 equities analysts recently commented on AIG shares. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $66.00 target price on shares of American International Group in a research report on Thursday, May 5th. Vetr lowered shares of American International Group from a “strong-buy” rating to a “buy” rating and set a $63.06 price target on the stock. in a report on Tuesday, May 10th. Citigroup Inc. reissued a “buy” rating on shares of American International Group in a report on Tuesday, May 17th. Wells Fargo & Co. reissued a “buy” rating on shares of American International Group in a report on Tuesday, June 28th. Finally, Bank of America Corp. reissued a “buy” rating on shares of American International Group in a report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. American International Group has a consensus rating of “Buy” and a consensus price target of $64.75.
The stock’s market capitalization is $63.61 billion. The firm has a 50-day moving average price of $57.28 and a 200-day moving average price of $54.96.
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 analysts’ consensus estimates of $0.93 by $0.05. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Equities research analysts anticipate that American International Group Inc. will post $4.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. 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 position 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 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 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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