American International Group’s (AIG) Neutral Rating Reiterated at Piper Sandler

Piper Sandler reiterated their neutral rating on shares of American International Group (NYSE:AIG) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Piper Sandler currently has a $80.00 target price on the insurance provider’s stock, down from their previous target price of $88.00.

Several other research firms also recently weighed in on AIG. Barclays upped their price target on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Citigroup lifted their price objective on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on American International Group from $85.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. HSBC reduced their target price on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, BMO Capital Markets raised their target price on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus target price of $88.00.

American International Group Price Performance

Shares of NYSE AIG opened at $80.43 on Wednesday. The firm has a market cap of $42.65 billion, a PE ratio of 14.19, a PEG ratio of 0.71 and a beta of 0.53. The firm has a fifty day moving average of $76.42 and a 200 day moving average of $76.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, research analysts predict that American International Group will post 8 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

Institutional Trading of American International Group

Large investors have recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC acquired a new stake in American International Group in the 2nd quarter valued at about $202,000. Tema ETFs LLC boosted its holdings in shares of American International Group by 10.6% during the 2nd quarter. Tema ETFs LLC now owns 15,126 shares of the insurance provider’s stock worth $1,127,000 after purchasing an additional 1,450 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of American International Group by 59.0% in the second quarter. Handelsbanken Fonder AB now owns 194,586 shares of the insurance provider’s stock valued at $14,502,000 after purchasing an additional 72,180 shares in the last quarter. Rockland Trust Co. grew its position in shares of American International Group by 8.5% in the second quarter. Rockland Trust Co. now owns 36,761 shares of the insurance provider’s stock valued at $2,740,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Czech National Bank increased its holdings in shares of American International Group by 3.3% in the second quarter. Czech National Bank now owns 150,917 shares of the insurance provider’s stock valued at $11,248,000 after purchasing an additional 4,787 shares during the last quarter. 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.