Shares of American International Group Inc (NYSE:AIG) have been given an average recommendation of “Hold” by the twenty-two brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $67.10.

Several research firms have recently weighed in on AIG. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $76.00 price objective on shares of American International Group in a report on Friday, December 22nd. Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and lifted their price objective for the company from $58.00 to $59.00 in a report on Wednesday, December 6th. Finally, Goldman Sachs Group began coverage on American International Group in a report on Monday, December 4th. They set a “neutral” rating and a $61.00 price objective on the stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. bought a new stake in American International Group in the 3rd quarter valued at approximately $109,000. Chicago Partners Investment Group LLC bought a new stake in American International Group in the 3rd quarter valued at approximately $163,000. Rational Advisors LLC raised its stake in shares of American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 1,500 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of American International Group during the 3rd quarter worth approximately $200,000. Finally, Investment Centers of America Inc. bought a new stake in shares of American International Group during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 85.90% of the company’s stock.

American International Group (NYSE AIG) traded down $0.20 during trading on Friday, hitting $60.95. The stock had a trading volume of 2,400,000 shares, compared to its average volume of 4,950,000. The firm has a market cap of $54,790.00, a price-to-earnings ratio of -24.48, a P/E/G ratio of 1.03 and a beta of 1.18. American International Group has a 52 week low of $57.85 and a 52 week high of $67.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter in the previous year, the firm posted $1.23 earnings per share. equities research analysts expect that American International Group will post 2.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, December 7th. American International Group’s payout ratio is -51.41%.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Analyst Recommendations for American International Group (NYSE:AIG)

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