Piper Sandler Lowers American International Group (NYSE:AIG) Price Target to $88.00

American International Group (NYSE:AIGGet Free Report) had its price target reduced by research analysts at Piper Sandler from $95.00 to $88.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Piper Sandler’s price target points to a potential upside of 11.06% from the company’s current price.

Other equities analysts have also issued reports about the company. Barclays decreased their target price on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Bank of America decreased their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank Of Canada assumed coverage on American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.21.

Check Out Our Latest Analysis on American International Group

American International Group Price Performance

AIG stock opened at $79.24 on Thursday. The firm has a 50 day moving average of $78.83 and a 200-day moving average of $78.84. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $42.76 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.56 and a beta of 0.61. American International Group has a 12 month low of $71.25 and a 12 month high of $88.07.

American International Group (NYSE:AIGGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.78%. During the same period last year, the firm earned $1.30 EPS. As a group, sell-side analysts predict that American International Group will post 6.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently modified their holdings of AIG. Modus Advisors LLC bought a new position in American International Group during the 4th quarter worth approximately $27,000. Navalign LLC purchased a new stake in shares of American International Group during the fourth quarter valued at approximately $29,000. Westfuller Advisors LLC bought a new position in shares of American International Group in the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp increased its stake in shares of 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 worth $28,000 after buying an additional 355 shares during the period. Finally, Eastern Bank raised its holdings in American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after buying an additional 371 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

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About American International Group

(Get Free Report)

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.

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