American International Group, Inc. (NYSE:AIG)‘s stock had its “buy” rating reiterated by Evercore ISI in a research note issued on Thursday. They currently have a $69.00 price objective on the insurance provider’s stock. Evercore ISI’s price target points to a potential upside of 10.81% from the company’s previous close.

AIG has been the topic of a number of other reports. Vetr upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $67.85 price target on the stock in a research report on Tuesday, November 1st. Credit Suisse Group upgraded shares of American International Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $61.00 to $75.00 in a research report on Friday, January 6th. BMO Capital Markets restated an “outperform” rating and set a $75.00 price target on shares of American International Group in a research report on Tuesday, January 24th. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 6th. Finally, J P Morgan Chase & Co restated a “hold” rating and set a $65.00 price target on shares of American International Group in a research report on Thursday, November 3rd. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. American International Group has an average rating of “Buy” and an average price target of $67.63.

Analyst Recommendations for American International Group (NYSE:AIG)

Shares of American International Group (NYSE:AIG) traded up 2.33% during trading on Thursday, hitting $62.27. 14,253,640 shares of the stock were exchanged. American International Group has a one year low of $48.41 and a one year high of $67.47. The stock’s 50 day moving average price is $65.43 and its 200-day moving average price is $62.09. The company has a market cap of $63.96 billion, a price-to-earnings ratio of 202.83 and a beta of 1.32.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 14th. The insurance provider reported ($2.72) earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by $3.90. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same quarter last year, the business earned ($1.10) EPS. On average, analysts predict that American International Group will post $5.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, March 13th. American International Group’s payout ratio is currently 290.92%.

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Large investors have recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in shares of American International Group during the third quarter valued at $131,000. Chicago Partners Investment Group LLC increased its stake in shares of American International Group by 0.5% in the third quarter. Chicago Partners Investment Group LLC now owns 2,615 shares of the insurance provider’s stock valued at $155,000 after buying an additional 14 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in shares of American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock valued at $175,000 after buying an additional 17 shares during the last quarter. Rikoon Group LLC acquired a new stake in shares of American International Group during the third quarter valued at $206,000. Finally, Norman Fields Gottscho Capital Management LLC acquired a new stake in shares of American International Group during the third quarter valued at $208,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Company Profile

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

5 Day Chart for NYSE:AIG

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