American International Group, Inc. (NYSE:AIG) Stock Has Consensus Target Price of $87.68 According to Analysts

Shares of American International Group, Inc. (NYSE:AIG) have received a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $87.68.

Several brokerages recently commented on AIG. Morgan Stanley dropped their target price on American International Group from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. UBS Group increased their price objective on American International Group from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Argus reaffirmed a “buy” rating and set a $90.00 price objective on shares of American International Group in a report on Wednesday, September 2nd. Mizuho decreased their price target on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Finally, Royal Bank Of Canada lifted their price target on shares of American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th.

American International Group Price Performance

AIG opened at $81.12 on Friday. The company has a 50-day moving average of $76.59 and a 200-day moving average of $76.64. 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 has a 1-year low of $71.25 and a 1-year high of $87.29. The company has a market capitalization of $42.42 billion, a P/E ratio of 9.83, a PEG ratio of 0.85 and a beta of 0.52.

American International Group (NYSE:AIG) last issued its earnings results on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. Equities analysts expect that American International Group will post 8.07 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, September 16th. American International Group’s dividend payout ratio (DPR) is presently 36.56%.

Insiders Place Their Bets

In other news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total value of $2,804,160.06. Following the transaction, the insider owned 556,004 shares of the company’s stock, valued at approximately $42,334,144.56. This trade represents a 6.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On American International Group

Institutional investors have recently modified their holdings of the business. First Bancorp Inc ME acquired a new stake in American International Group in the 2nd quarter valued at approximately $30,000. Fiduciary Financial Advisors acquired a new position in American International Group in the 2nd quarter valued at $34,000. Center for Financial Planning Inc. increased its stake in American International Group by 52.0% during the 3rd quarter. Center for Financial Planning Inc. now owns 456 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 156 shares during the period. CENTRAL TRUST Co lifted 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 worth $35,000 after acquiring an additional 151 shares during the period. Finally, Elevation Wealth Partners LLC increased its stake in shares of American International Group by 71.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 556 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.