HSBC Lowers American International Group (NYSE:AIG) Price Target to $86.00

American International Group (NYSE:AIG) had its price target reduced by analysts at HSBC from $91.00 to $86.00 in a research note issued on Friday,MarketScreener reports. The firm currently has a “buy” rating on the insurance provider’s stock. HSBC’s price objective indicates a potential upside of 18.05% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Evercore ISI upped their price objective on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. TD Cowen boosted their target price on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Barclays decreased their price objective on American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Finally, Royal Bank Of Canada assumed coverage on shares of American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus target price of $87.68.

American International Group Price Performance

American International Group stock opened at $72.85 on Friday. The business has a 50 day simple moving average of $79.63 and a 200 day simple moving average of $79.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $39.31 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.62. American International Group has a one year low of $71.74 and a one year high of $88.07.

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

Institutional Trading of American International Group

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

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.