Piper Sandler Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective boosted by investment analysts at Piper Sandler from $88.00 to $95.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Piper Sandler’s price objective points to a potential upside of 10.39% from the company’s current price.

A number of other research firms have also recently issued reports on AIG. The Goldman Sachs Group reduced their target price on shares of American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a research note on Monday, December 8th. TD Cowen lifted their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Royal Bank Of Canada began coverage on American International Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price target for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of American International Group in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and an average price target of $89.28.

American International Group Price Performance

AIG opened at $86.06 on Monday. The stock has a fifty day moving average price of $78.74 and a 200 day moving average price of $80.30. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group has a 1 year low of $69.24 and a 1 year high of $88.07. The stock has a market cap of $46.43 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.89 and a beta of 0.62.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same period last year, the business earned $1.23 EPS. Analysts forecast that American International Group will post 6.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hudson Bay Capital Management LP boosted its position in shares of American International Group by 3,609.3% in the third quarter. Hudson Bay Capital Management LP now owns 264,619 shares of the insurance provider’s stock valued at $20,783,000 after acquiring an additional 257,485 shares during the period. Swiss Life Asset Management Ltd raised its stake in American International Group by 8.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 59,098 shares of the insurance provider’s stock valued at $4,642,000 after purchasing an additional 4,846 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in American International Group by 6.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 24,846 shares of the insurance provider’s stock valued at $1,951,000 after purchasing an additional 1,426 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in American International Group in the 3rd quarter worth $6,585,000. Finally, WBI Investments LLC bought a new position in shares of American International Group during the 3rd quarter worth about $975,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.