American International Group, Inc. (NYSE:AIG) Receives $88.28 Consensus Target Price from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have received a consensus rating of “Hold” from the nineteen research firms that are covering the company, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $88.3889.

A number of research firms have issued reports on AIG. Mizuho increased their price target on American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Cantor Fitzgerald upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $85.00 to $92.00 in a research note on Thursday, July 9th. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Piper Sandler lifted their price target on shares of American International Group from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company lowered their price target on shares of American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday.

Hedge Funds Weigh In On American International Group

Several large investors have recently bought and sold shares of the business. Modus Advisors LLC acquired a new position in American International Group in the fourth quarter worth approximately $27,000. Navalign LLC purchased a new stake in American International Group in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of American International Group during the 4th quarter valued at $29,000. SHP Wealth Management acquired a new stake in shares of American International Group during the 4th quarter valued at $34,000. Finally, CENTRAL TRUST Co grew its holdings in shares of American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after acquiring 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 Stock Down 1.5%

Shares of AIG opened at $76.14 on Monday. The stock has a market capitalization of $39.81 billion, a PE ratio of 13.92, a P/E/G ratio of 0.71 and a beta of 0.53. American International Group has a 1 year low of $71.25 and a 1 year high of $87.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day simple moving average is $77.50 and its 200-day simple moving average is $76.87.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.03%. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. Analysts forecast that American International Group will post 7.99 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s payout ratio is 36.56%.

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.