American International Group, Inc. (NYSE:AIG) Receives $89.28 Consensus PT from Analysts

American International Group, Inc. (NYSE:AIG) has been given an average rating of “Hold” by the twenty-three research firms that are currently covering the company, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $89.2778.

Several brokerages recently weighed in on AIG. Bank of America boosted their target price on American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Piper Sandler boosted their price target on American International Group from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. upped their price objective on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Monday. Finally, HSBC cut their price target on shares of American International Group from $93.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th.

American International Group Trading Down 0.4%

NYSE:AIG opened at $86.16 on Friday. The stock has a market capitalization of $46.49 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.89 and a beta of 0.62. American International Group has a 52 week low of $69.24 and a 52 week high of $88.07. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $79.71 and a 200 day moving average of $80.35.

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

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s dividend payout ratio is presently 32.73%.

Institutional Trading of American International Group

Several large investors have recently added to or reduced their stakes in AIG. Westfuller Advisors LLC acquired a new position in shares of American International Group in the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp raised its stake in American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares during the period. GFG Capital LLC acquired a new stake in American International Group during the second quarter worth $33,000. Eastern Bank increased its position in shares of American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 371 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of American International Group during the second quarter worth $32,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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.