Shares of American International Group, Inc. (NYSE:AIG) have received a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $68.21.

A number of equities analysts recently commented on AIG shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG restated a “sell” rating and set a $60.00 target price (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Finally, Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Wednesday, August 9th.

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Large investors have recently modified their holdings of the stock. Boston Partners boosted its position in American International Group by 262.4% in the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after buying an additional 4,968,504 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of American International Group by 307.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock worth $260,534,000 after buying an additional 3,144,446 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of American International Group by 202.5% during the second quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock worth $250,655,000 after buying an additional 2,683,775 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of American International Group during the second quarter worth $134,359,000. Finally, TIAA CREF Investment Management LLC grew its stake in shares of American International Group by 27.1% during the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after buying an additional 2,103,522 shares during the last quarter. 83.98% of the stock is owned by institutional investors and hedge funds.

Shares of American International Group (NYSE AIG) traded down 0.02% on Wednesday, hitting $61.62. The company had a trading volume of 1,020,029 shares. The company’s market capitalization is $55.67 billion. The firm has a 50-day moving average price of $60.68 and a 200 day moving average price of $62.19. American International Group has a 12-month low of $57.35 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period last year, the business posted $0.98 earnings per share. Equities analysts expect that American International Group will post $4.90 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

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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