American International Group (NYSE:AIG) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, ValuEngine reports.

Other research analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed a “buy” rating and issued a $63.00 price target on shares of American International Group in a research note on Monday, August 12th. Royal Bank of Canada raised their price target on shares of American International Group to $68.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Barclays raised their price target on shares of American International Group from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $64.00 price target on shares of American International Group in a research note on Friday, November 1st. Finally, Zacks Investment Research downgraded shares of American International Group from a “buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $58.76.

AIG stock opened at $51.66 on Tuesday. The company has a market capitalization of $45.81 billion, a PE ratio of 44.15, a P/E/G ratio of 1.15 and a beta of 1.17. American International Group has a 12 month low of $36.16 and a 12 month high of $58.66. The firm’s 50-day moving average is $53.73 and its 200 day moving average is $54.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Friday, November 1st. The insurance provider reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.43). The company had revenue of $11.99 billion during the quarter, compared to analysts’ expectations of $12.03 billion. American International Group had a return on equity of 4.17% and a net margin of 3.56%. During the same period in the prior year, the business earned ($0.34) EPS. Sell-side analysts forecast that American International Group will post 4.58 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of AIG. Price T Rowe Associates Inc. MD boosted its holdings in shares of American International Group by 62.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 69,649,901 shares of the insurance provider’s stock valued at $3,710,946,000 after buying an additional 26,800,863 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of American International Group in the 2nd quarter valued at about $485,778,000. Prudential Financial Inc. boosted its holdings in shares of American International Group by 343.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,576,403 shares of the insurance provider’s stock valued at $190,550,000 after buying an additional 2,769,272 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of American International Group by 409.1% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 2,686,785 shares of the insurance provider’s stock valued at $143,151,000 after buying an additional 2,159,082 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of American International Group in the 2nd quarter valued at about $96,444,000. Institutional investors own 91.22% of the company’s stock.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Analyst Recommendations for American International Group (NYSE:AIG)

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