Buckingham Research started coverage on shares of American International Group, Inc. (NYSE:AIG) in a research report released on Monday morning, Marketbeat reports. The brokerage issued an underperform rating and a $52.00 price objective on the insurance provider’s stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank AG reissued a sell rating and issued a $60.00 target price (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Atlantic Securities downgraded shares of American International Group from an overweight rating to a neutral rating and set a $70.00 target price on the stock. in a research report on Wednesday, August 9th. BidaskClub downgraded shares of American International Group from a sell rating to a strong sell rating in a research report on Friday, August 25th. Keefe, Bruyette & Woods reissued a buy rating and issued a $75.00 target price on shares of American International Group in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a buy rating and issued a $73.00 target price on shares of American International Group in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. American International Group has an average rating of Hold and an average target price of $68.08.

American International Group (NYSE:AIG) opened at 60.74 on Monday. The stock’s market cap is $54.87 billion. The company’s 50 day moving average is $62.45 and its 200 day moving average is $62.51. American International Group has a 52 week low of $57.35 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the previous year, the company posted $0.98 EPS. Equities analysts predict that American International Group will post $5.27 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its stake in American International Group by 12.6% in the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock valued at $727,222,000 after acquiring an additional 1,300,900 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in American International Group by 27.1% in the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after acquiring an additional 2,103,522 shares during the last quarter. Alliancebernstein L.P. lifted its stake in American International Group by 1.7% in the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock valued at $589,743,000 after acquiring an additional 159,529 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in American International Group by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock valued at $556,681,000 after acquiring an additional 584,450 shares during the last quarter. Finally, Boston Partners lifted its stake in American International Group by 262.4% in the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after acquiring an additional 4,968,504 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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.

Analyst Recommendations for American International Group (NYSE:AIG)

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