HSBC Issues Pessimistic Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective lowered by research analysts at HSBC from $94.00 to $88.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. HSBC’s price target indicates a potential upside of 10.92% from the stock’s previous close.

AIG has been the topic of several other research reports. Morgan Stanley decreased their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Mizuho upped their target price on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wells Fargo & Company reduced their target price on American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Bank of America decreased their price target on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, The Goldman Sachs Group lifted their price target on American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus target price of $87.61.

American International Group Price Performance

American International Group stock opened at $79.33 on Monday. The stock has a market capitalization of $42.06 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.73 and a beta of 0.53. American International Group has a 12-month low of $71.25 and a 12-month 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 firm’s 50-day moving average is $75.69 and its two-hundred day moving average is $77.13.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Equities analysts predict that American International Group will post 7.98 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Modus Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter worth $27,000. Navalign LLC purchased a new stake in American International Group during the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new stake in American International Group in the 4th quarter valued at $29,000. SHP Wealth Management purchased a new position in American International Group in the fourth quarter valued at about $34,000. Finally, CENTRAL TRUST Co lifted its stake in shares of American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 151 shares in 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.