American International Group, Inc. (NYSE:AIG) had its price target lowered by UBS AG from $65.00 to $64.00 in a research note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the insurance provider’s stock. UBS AG’s price objective would indicate a potential upside of 6.45% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price target on shares of American International Group in a research report on Wednesday, September 6th. Deutsche Bank AG restated a “sell” rating and issued a $60.00 price target (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $67.96.

American International Group (AIG) opened at 60.12 on Tuesday. The firm has a 50-day moving average of $61.67 and a 200-day moving average of $62.35. The stock’s market cap is $54.31 billion. American International Group has a 1-year low of $57.35 and a 1-year high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.33. The firm 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 last year, the business posted $0.98 earnings per share. Analysts expect that American International Group will post $5.28 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Northern Capital Management LLC lifted its stake in American International Group by 4.0% in the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after acquiring an additional 1,760 shares during the period. Girard Partners LTD. purchased a new stake in American International Group in the second quarter worth about $215,000. Oppenheimer & Co. Inc. lifted its stake in American International Group by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after acquiring an additional 7,963 shares during the period. AXA lifted its stake in American International Group by 113.5% in the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after acquiring an additional 218,583 shares during the period. Finally, Allen Investment Management LLC lifted its stake in American International Group by 126.4% in the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after acquiring an additional 23,445 shares during the period. 83.97% of the stock is owned by institutional investors.

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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