American International Group’s (AIG) “Hold” Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG restated their hold rating on shares of American International Group, Inc. (NYSE:AIG) in a research note released on Thursday. The firm currently has a $64.00 price objective on the insurance provider’s stock.
Several other brokerages have also recently weighed in on AIG. Credit Suisse Group set a $61.00 price target on American International Group and gave the company a hold rating in a research report on Sunday, November 20th. BMO Capital Markets reiterated an outperform rating and set a $75.00 price target on shares of American International Group in a research report on Tuesday, January 24th. Vetr cut American International Group from a strong-buy rating to a buy rating and set a $67.85 price target for the company. in a research report on Wednesday, November 9th. J P Morgan Chase & Co reiterated a hold rating and set a $65.00 price target on shares of American International Group in a research report on Thursday, November 3rd. Finally, FBR & Co reiterated a market perform rating and set a $64.00 price target on shares of American International Group in a research report on Wednesday. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $67.28.
American International Group (NYSE:AIG) traded up 2.33% on Thursday, reaching $62.27. The company’s stock had a trading volume of 14,243,754 shares. American International Group has a 12-month low of $48.41 and a 12-month high of $67.47. The firm has a 50-day moving average of $65.54 and a 200 day moving average of $62.09. The company has a market capitalization of $63.96 billion, a price-to-earnings ratio of 202.83 and a beta of 1.32.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 14th. The insurance provider reported ($2.72) earnings per share for the quarter, missing the consensus estimate of $1.18 by $3.90. American International Group had a net margin of 0.66% and a return on equity of 1.82%. During the same period in the previous year, the firm earned ($1.10) EPS. On average, equities research analysts anticipate that American International Group will post $5.34 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Monday, March 13th. American International Group’s dividend payout ratio (DPR) is currently 290.92%.
A number of institutional investors have recently added to or reduced their stakes in AIG. Capital Research Global Investors raised its position in American International Group by 23.7% in the second quarter. Capital Research Global Investors now owns 69,710,055 shares of the insurance provider’s stock worth $3,686,965,000 after buying an additional 13,367,970 shares during the period. Cohen & Steers Inc. raised its position in American International Group by 4,949.7% in the second quarter. Cohen & Steers Inc. now owns 8,603,093 shares of the insurance provider’s stock worth $454,846,000 after buying an additional 8,432,725 shares during the period. The Manufacturers Life Insurance Company bought a new position in American International Group during the third quarter worth $408,662,000. FMR LLC raised its position in American International Group by 67.3% in the fourth quarter. FMR LLC now owns 14,281,652 shares of the insurance provider’s stock worth $932,734,000 after buying an additional 5,745,079 shares during the period. Finally, Paulson & CO. Inc. bought a new position in American International Group during the fourth quarter worth $314,099,000. 83.72% of the stock is currently owned by institutional investors.
About American International Group
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.
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