American International Group Inc (NYSE:AIG) has been assigned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. One research 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 average 12-month target price among brokers that have updated their coverage on the stock in the last year is $63.61.

A number of research firms recently issued reports on AIG. Wells Fargo & Co set a $62.00 target price on shares of American International Group and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley set a $65.00 target price on shares of American International Group and gave the stock a “buy” rating in a research report on Wednesday. Argus dropped their target price on shares of American International Group from $63.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, JPMorgan Chase & Co. set a $63.00 target price on shares of American International Group and gave the stock a “hold” rating in a research report on Sunday, August 5th.

A number of large investors have recently modified their holdings of the business. FMR LLC grew its position in shares of American International Group by 56.3% during the second quarter. FMR LLC now owns 22,621,535 shares of the insurance provider’s stock worth $1,199,393,000 after buying an additional 8,149,702 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of American International Group by 38,370.8% during the second quarter. Macquarie Group Ltd. now owns 12,733,842 shares of the insurance provider’s stock worth $675,148,000 after buying an additional 12,700,742 shares in the last quarter. Boston Partners grew its position in shares of American International Group by 82.5% during the second quarter. Boston Partners now owns 12,260,976 shares of the insurance provider’s stock worth $650,077,000 after buying an additional 5,543,692 shares in the last quarter. Northern Trust Corp grew its position in shares of American International Group by 4.8% during the second quarter. Northern Trust Corp now owns 10,430,195 shares of the insurance provider’s stock worth $553,009,000 after buying an additional 479,380 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of American International Group by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 9,413,923 shares of the insurance provider’s stock worth $499,125,000 after buying an additional 81,229 shares in the last quarter. 89.40% of the stock is owned by institutional investors.

AIG traded down $1.16 on Friday, reaching $47.45. 453,356 shares of the company’s stock were exchanged, compared to its average volume of 4,941,320. The company has a market cap of $44.08 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.27. American International Group has a twelve month low of $47.87 and a twelve month high of $65.55. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.28 and a current ratio of 0.28.

American International Group (NYSE:AIG) last posted its 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 business 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 last year, the company posted $1.19 EPS. On average, sell-side analysts predict that American International Group will post 4.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 17th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, September 14th. American International Group’s dividend payout ratio (DPR) is 53.33%.

American International Group Company Profile

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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Analyst Recommendations for American International Group (NYSE:AIG)

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