Morgan Stanley Cuts American International Group (NYSE:AIG) Price Target to $82.00

American International Group (NYSE:AIG) had its price target cut by Morgan Stanley from $83.00 to $82.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s target price indicates a potential upside of 8.68% from the company’s current price.

AIG has been the subject of several other research reports. Wells Fargo & Company upped their target price on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Mizuho boosted their price target on American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Cantor Fitzgerald upped their price target on American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Finally, HSBC lifted their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus target price of $87.94.

American International Group Stock Performance

Shares of AIG stock opened at $75.45 on Monday. The company’s fifty day simple moving average is $76.77 and its 200-day simple moving average is $78.24. American International Group has a 52 week low of $71.25 and a 52 week high of $87.47. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market cap of $40.51 billion, a PE ratio of 13.92, a P/E/G ratio of 0.58 and a beta of 0.59.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the prior year, the company earned $1.30 EPS. As a group, equities research analysts anticipate that American International Group will post 6.24 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in American International Group by 2.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after purchasing an additional 129 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after buying an additional 130 shares during the last quarter. First Bank & Trust raised its stake in American International Group by 2.2% during the third quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock worth $475,000 after acquiring an additional 131 shares during the period. JFS Wealth Advisors LLC raised its stake in American International Group by 17.7% during the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 131 shares during the period. Finally, Howard Capital Management Inc. lifted its holdings in American International Group by 3.0% in the third quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock worth $370,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

About American International Group

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.