American International Group (NYSE:AIG) Price Target Raised to $90.00

American International Group (NYSE:AIG) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $87.00 to $90.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 17.86% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $84.31.

American International Group Trading Down 0.6 %

American International Group stock opened at $76.36 on Friday. American International Group has a 12 month low of $68.04 and a 12 month high of $80.83. The stock has a market cap of $47.63 billion, a price-to-earnings ratio of -22.53, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The business has a 50 day moving average price of $73.46 and a two-hundred day moving average price of $74.48. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. As a group, equities analysts forecast that American International Group will post 4.89 EPS for the current year.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norinchukin Bank The boosted its stake in shares of American International Group by 9.5% in the 4th quarter. Norinchukin Bank The now owns 30,059 shares of the insurance provider’s stock valued at $2,188,000 after purchasing an additional 2,614 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in American International Group in the fourth quarter valued at approximately $1,899,000. Capital Research Global Investors grew its holdings in American International Group by 1.4% during the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider’s stock worth $2,540,050,000 after acquiring an additional 482,724 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American International Group by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,915,405 shares of the insurance provider’s stock valued at $503,437,000 after acquiring an additional 143,046 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of American International Group by 7.4% during the 4th quarter. First Trust Advisors LP now owns 458,495 shares of the insurance provider’s stock valued at $33,378,000 after acquiring an additional 31,405 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

About American International Group

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.