American International Group (NYSE:AIG) Price Target Raised to $81.00 at Barclays

American International Group (NYSE:AIG) had its price objective raised by Barclays from $80.00 to $81.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the insurance provider’s stock.

A number of other research analysts have also weighed in on AIG. Cantor Fitzgerald raised American International Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $85.00 to $92.00 in a report on Thursday, July 9th. Mizuho raised their price objective on shares of American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. HSBC cut their price objective on shares of American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, July 6th. JPMorgan Chase & Co. upped their target price on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus target price of $88.28.

American International Group Price Performance

American International Group stock opened at $78.80 on Friday. The firm has a market capitalization of $41.78 billion, a P/E ratio of 14.40, a PEG ratio of 0.73 and a beta of 0.53. American International Group has a one year low of $71.25 and a one year high of $87.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $77.28 and a 200-day moving average price of $76.74.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a return on equity of 11.03% and a net margin of 11.13%.During the same period in the previous year, the company posted $1.81 EPS. As a group, equities research analysts forecast that American International Group will post 7.97 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s payout ratio is currently 35.27%.

Hedge Funds Weigh In On American International Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in American International Group in the fourth quarter worth approximately $1,091,000. Sivia Capital Partners LLC lifted its holdings in shares of American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of American International Group in the 2nd quarter valued at $217,000. Ieq Capital LLC grew its holdings in shares of American International Group by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after purchasing an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in American International Group in the 2nd quarter worth $269,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Key American International Group News

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Second-quarter earnings exceeded expectations. AIG reported adjusted earnings of $2.00 per share, up from $1.81 a year earlier and ahead of consensus estimates ranging from $1.89 to $1.92. Strong underwriting income and lower catastrophe losses were key drivers. AIG Beats Q2 Earnings Estimates on Robust Underwriting Income
• Positive Sentiment: Premium growth was broad-based. Net premiums written increased across all three of AIG’s business lines, reinforcing management’s view that organic growth and recent strategic transactions are strengthening the company’s diversified insurance platform. AIG Q2 earnings beat as NPW grows across all three lines
• Positive Sentiment: AIG declared a quarterly dividend of $0.50 per share. The dividend is payable September 30 to shareholders of record on September 16, implying $2.00 in annualized payments and a yield of approximately 2.5% based on the referenced share price.
• Neutral Sentiment: Barclays raised its price target modestly to $81 from $80 while maintaining an “equal weight” rating. The revised target suggests limited near-term upside and does not represent a strong bullish endorsement.
• Negative Sentiment: Revenue fell short of expectations. Quarterly revenue was approximately $7.08 billion, below the $7.25 billion consensus forecast. Weaker investment income partly offset the improvement in underwriting results, giving investors a reason to temper their reaction to the earnings beat. AIG quarterly earnings report

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.