American International Group, Inc. (NYSE:AIG) Given Average Recommendation of “Moderate Buy” by Analysts

American International Group, Inc. (NYSE:AIG) has been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $86.76.

A number of brokerages have recently weighed in on AIG. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. UBS Group reduced their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. BMO Capital Markets boosted their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Barclays raised their price target on shares of American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd.

American International Group Stock Down 1.7 %

Shares of AIG opened at $86.23 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 12 month low of $69.00 and a 12 month high of $88.07. The firm’s 50 day moving average is $79.49 and its 200-day moving average is $76.30. The stock has a market capitalization of $51.16 billion, a PE ratio of -41.46, a P/E/G ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Equities research analysts forecast that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.86%. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Activity at American International Group

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American International Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Kingsview Wealth Management LLC boosted its holdings in shares of American International Group by 6.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 7,209 shares of the insurance provider’s stock worth $528,000 after buying an additional 423 shares in the last quarter. Fisher Asset Management LLC bought a new position in American International Group during the third quarter worth $291,000. Dynamic Technology Lab Private Ltd acquired a new stake in American International Group in the third quarter worth $599,000. Independent Advisor Alliance increased its stake in American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 161 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of American International Group by 2.7% during the third quarter. The Manufacturers Life Insurance Company now owns 792,181 shares of the insurance provider’s stock valued at $58,011,000 after purchasing an additional 20,545 shares during the period. 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.