American International Group, Inc. (NYSE:AIG) had its price objective decreased by stock analysts at Barclays PLC from $74.00 to $71.00 in a report released on Monday. The firm presently has an “overweight” rating on the insurance provider’s stock. Barclays PLC’s price target indicates a potential upside of 12.41% from the company’s previous close.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, July 5th. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. Finally, Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.18.

Shares of American International Group (NYSE:AIG) traded up 0.92% during trading on Monday, reaching $63.74. 3,434,605 shares of the company were exchanged. American International Group has a 52-week low of $57.35 and a 52-week high of $67.47. The stock has a 50-day moving average of $60.80 and a 200 day moving average of $62.23. The stock’s market capitalization is $57.58 billion.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the business posted $0.98 earnings per share. On average, equities analysts anticipate that American International Group will post $3.48 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of AIG. Boston Partners increased its holdings in shares of American International Group by 262.4% during the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock worth $429,003,000 after acquiring an additional 4,968,504 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock worth $260,534,000 after acquiring an additional 3,144,446 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of American International Group by 202.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock worth $250,655,000 after acquiring an additional 2,683,775 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of American International Group during the 2nd quarter worth approximately $134,359,000. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of American International Group by 27.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after acquiring an additional 2,103,522 shares during the last quarter. 83.96% of the stock is currently owned by institutional investors and hedge funds.

About American International Group

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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