HSBC Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIGGet Free Report) had its price target upped by investment analysts at HSBC from $86.00 to $90.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. HSBC’s price target indicates a potential upside of 13.58% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. TD Cowen upped their target price on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen downgraded American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Evercore dropped their price objective on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Finally, Wells Fargo & Company raised their target price on shares of American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $87.21.

Check Out Our Latest Analysis on American International Group

American International Group Price Performance

American International Group stock opened at $79.24 on Thursday. The firm has a market capitalization of $42.76 billion, a PE ratio of 14.49, a P/E/G ratio of 0.56 and a beta of 0.61. American International Group has a 52 week low of $71.25 and a 52 week high of $88.07. The firm’s 50-day simple moving average is $78.83 and its 200 day simple moving average is $78.84. 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 (NYSE:AIGGet Free Report) last posted its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.78%. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the firm posted $1.30 EPS. On average, equities research analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Great Lakes Advisors LLC grew its holdings in shares of American International Group by 20.3% during the 4th quarter. Great Lakes Advisors LLC now owns 9,382 shares of the insurance provider’s stock worth $803,000 after purchasing an additional 1,581 shares during the period. Aviva PLC grew its stake in American International Group by 2.7% during the fourth quarter. Aviva PLC now owns 464,845 shares of the insurance provider’s stock worth $39,767,000 after buying an additional 12,058 shares during the period. Xponance LLC lifted its holdings in shares of American International Group by 6.3% during the 4th quarter. Xponance LLC now owns 114,922 shares of the insurance provider’s stock valued at $9,832,000 after acquiring an additional 6,791 shares in the last quarter. Advisory Resource Group boosted its position in American International Group by 2.0% during the 4th quarter. Advisory Resource Group now owns 73,317 shares of the insurance provider’s stock worth $6,272,000 after purchasing an additional 1,434 shares during the period. Finally, SmartHarvest Portfolios LLC acquired a new stake in American International Group in the 4th quarter valued at $328,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Key American International Group News

Here are the key news stories impacting American International Group this week:

About American International Group

(Get Free Report)

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.

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Analyst Recommendations for American International Group (NYSE:AIG)

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