American International Group Inc (NYSE:AIG)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $47.97 and last traded at $48.04, with a volume of 416332 shares trading hands. The stock had previously closed at $49.62.

Several equities analysts have recently commented on AIG shares. JPMorgan Chase & Co. set a $63.00 target price on American International Group and gave the company a “hold” rating in a research report on Sunday, August 5th. Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Argus decreased their target price on American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. ValuEngine downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Morgan Stanley set a $65.00 price target on American International Group and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $63.33.

The stock has a market capitalization of $47.30 billion, a PE ratio of 20.53, a P/E/G ratio of 1.06 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.28 and a quick ratio of 0.28.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.16). The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.71 billion. American International Group had a positive return on equity of 2.03% and a negative net margin of 13.67%. During the same period in the prior year, the company earned $1.19 EPS. Equities research analysts anticipate that American International Group Inc will post 4.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Friday, September 14th. American International Group’s dividend payout ratio is currently 53.33%.

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its stake in American International Group by 21,735.7% during the second quarter. Advisors Asset Management Inc. now owns 9,171 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 9,129 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in American International Group during the second quarter worth $115,000. Kaizen Advisory LLC lifted its stake in American International Group by 152.1% during the second quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock worth $116,000 after purchasing an additional 1,325 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in American International Group by 2,967.9% during the first quarter. Summit Trail Advisors LLC now owns 136,769 shares of the insurance provider’s stock worth $137,000 after purchasing an additional 132,311 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in American International Group by 3,312.4% during the second quarter. Integrated Investment Consultants LLC now owns 3,037 shares of the insurance provider’s stock worth $161,000 after purchasing an additional 2,948 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

American International Group Company Profile (NYSE:AIG)

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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