Deutsche Bank upgraded shares of American International Group (NYSE:AIG) from a sell rating to a hold rating in a report released on Wednesday morning, MarketBeat reports. Deutsche Bank currently has $59.00 price target on the insurance provider’s stock, up from their prior price target of $58.00.

A number of other equities analysts also recently commented on the company. Buckingham Research initiated coverage on American International Group in a report on Monday, September 11th. They issued an underperform rating and a $52.00 price objective on the stock. Royal Bank Of Canada restated a buy rating and issued a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. Wells Fargo & Company set a $75.00 price objective on American International Group and gave the stock a buy rating in a report on Tuesday, October 17th. Barclays cut their price objective on American International Group from $74.00 to $71.00 and set an overweight rating on the stock in a report on Monday, October 16th. Finally, Bank of America downgraded American International Group from a buy rating to a neutral rating and set a $69.00 price objective on the stock. in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. American International Group currently has an average rating of Hold and a consensus price target of $67.70.

American International Group (NYSE AIG) opened at $59.51 on Wednesday. The company has a market capitalization of $53,533.03, a PE ratio of 23.73, a PEG ratio of 1.96 and a beta of 1.17. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a twelve month low of $57.90 and a twelve month high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter last year, the business earned $1.23 earnings per share. equities research analysts anticipate that American International Group will post 2.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s dividend payout ratio (DPR) is currently -51.00%.

Several hedge funds have recently bought and sold shares of AIG. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of American International Group by 121.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock valued at $959,607,000 after buying an additional 8,586,682 shares in the last quarter. Boston Partners grew its stake in American International Group by 262.4% during the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after purchasing an additional 4,968,504 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after purchasing an additional 3,144,446 shares in the last quarter. Prudential Financial Inc. grew its stake in American International Group by 202.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after purchasing an additional 2,683,775 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in American International Group during the 2nd quarter valued at approximately $134,359,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

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American International Group Company Profile

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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