American International Group (NYSE:AIG) Coverage Initiated at Mizuho

Equities researchers at Mizuho assumed coverage on shares of American International Group (NYSE:AIG) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a “neutral” rating and a $84.00 price target on the insurance provider’s stock. Mizuho’s price target would indicate a potential downside of 2.50% from the company’s previous close.

AIG has been the subject of a number of other reports. UBS Group upped their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald restated a “neutral” rating on shares of American International Group in a research note on Thursday. HSBC cut their target price on American International Group from $93.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Piper Sandler dropped their price target on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, American International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.53.

American International Group Stock Up 1.5%

NYSE AIG opened at $86.16 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The business has a 50 day moving average price of $78.54 and a two-hundred day moving average price of $80.28. The stock has a market cap of $46.49 billion, a PE ratio of 15.67, a P/E/G ratio of 0.89 and a beta of 0.62.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, sell-side analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

Institutional Trading of American International Group

Several institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its position in shares of American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after buying an additional 12,645,616 shares during the last quarter. Norges Bank bought a new stake in shares of American International Group during the 2nd quarter valued at about $787,724,000. Vanguard Group Inc. raised its stake in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares during the period. AQR Capital Management LLC lifted its holdings in American International Group by 184.4% in the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after purchasing an additional 1,899,203 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.