American International Group (NYSE:AIG) Price Target Cut to $86.00 by Analysts at HSBC

American International Group (NYSE:AIG) had its target price reduced by HSBC from $91.00 to $86.00 in a research report sent to investors on Friday,MarketScreener reports. They currently have a buy rating on the insurance provider’s stock.

A number of other equities analysts have also weighed in on AIG. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $91.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. UBS Group lifted their target price on American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on shares of American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Bank of America decreased their target price on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $87.68.

American International Group Trading Down 1.6%

Shares of NYSE:AIG opened at $72.85 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $39.31 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.62. The firm has a fifty day moving average of $79.63 and a two-hundred day moving average of $79.80. American International Group has a 12-month low of $71.74 and a 12-month high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business posted $1.23 EPS. On average, equities analysts expect that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s payout ratio is presently 32.73%.

Hedge Funds Weigh In On American International Group

Large investors have recently added to or reduced their stakes in the business. Aberdeen Group plc lifted its position in shares of American International Group by 0.8% during the fourth quarter. Aberdeen Group plc now owns 432,046 shares of the insurance provider’s stock valued at $36,962,000 after purchasing an additional 3,499 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of American International Group by 21.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 34,934 shares of the insurance provider’s stock valued at $2,989,000 after acquiring an additional 6,201 shares in the last quarter. Uncommon Cents Investing LLC increased its position in shares of American International Group by 5.6% during the fourth quarter. Uncommon Cents Investing LLC now owns 3,480 shares of the insurance provider’s stock valued at $298,000 after acquiring an additional 185 shares during the last quarter. Rockland Trust Co. lifted its holdings in American International Group by 3.8% during the fourth quarter. Rockland Trust Co. now owns 33,188 shares of the insurance provider’s stock worth $2,839,000 after acquiring an additional 1,200 shares during the period. Finally, Foster & Motley Inc. grew its stake in American International Group by 11.9% in the 4th quarter. Foster & Motley Inc. now owns 38,554 shares of the insurance provider’s stock valued at $3,298,000 after purchasing an additional 4,088 shares during the period. Institutional investors own 90.60% of the company’s stock.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.