American International Group (NYSE:AIG) Upgraded by The Goldman Sachs Group to “Buy” Rating

American International Group (NYSE:AIG) was upgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a $90.00 price target on the insurance provider’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 13.07% from the company’s current price.

Other research analysts have also recently issued reports about the company. HSBC upped their price objective on American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Piper Sandler cut their price objective on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Mizuho upped their target price on shares of American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. UBS Group dropped their price target on shares of American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, TD Cowen boosted their price target on shares of American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $87.95.

American International Group Stock Performance

NYSE AIG opened at $79.60 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock’s fifty day moving average is $77.82 and its two-hundred day moving average is $78.95. The firm has a market capitalization of $42.71 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.61 and a beta of 0.58. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. On average, research analysts anticipate that American International Group will post 6.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AIG. Westfuller Advisors LLC acquired a new stake in American International Group in the 3rd quarter valued at about $26,000. Modus Advisors LLC acquired a new position in American International Group during the 4th quarter worth approximately $27,000. Atlantic Union Bankshares Corp increased its position in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares during the last quarter. Navalign LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $29,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of American International Group during the 4th quarter worth $29,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.