American International Group (NYSE:AIG) Given New $92.00 Price Target at UBS Group

American International Group (NYSE:AIG) had its target price lowered by investment analysts at UBS Group from $94.00 to $92.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. UBS Group’s target price would indicate a potential upside of 15.89% from the stock’s current price.

A number of other brokerages have also recently issued reports on AIG. The Goldman Sachs Group boosted their target price on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Evercore cut their price objective on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. HSBC raised their target price on shares of American International Group from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company boosted their price target on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods raised their price objective on American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American International Group currently has a consensus rating of “Hold” and an average price target of $87.58.

American International Group Stock Performance

AIG traded up $1.11 during trading hours on Tuesday, reaching $79.38. The company’s stock had a trading volume of 1,861,422 shares, compared to its average volume of 5,343,355. The company’s 50-day moving average is $78.92 and its 200-day moving average is $78.85. American International Group has a 52 week low of $71.25 and a 52 week high of $88.07. The firm has a market cap of $42.59 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.

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

Hedge Funds Weigh In On American International Group

Several large investors have recently bought and sold shares of AIG. Brighton Jones LLC acquired a new position in American International Group in the fourth quarter valued at $1,091,000. Sivia Capital Partners LLC raised its position in shares of American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of American International Group by 36.0% in the 2nd quarter. Private Trust Co. NA now owns 3,880 shares of the insurance provider’s stock valued at $332,000 after purchasing an additional 1,027 shares during the period. Chicago Partners Investment Group LLC boosted its position in shares of American International Group by 10.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 5,109 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 493 shares in the last quarter. Finally, Journey Advisory Group LLC acquired a new stake in American International Group during the second quarter worth approximately $240,000. 90.60% of the stock is currently owned by 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.