American International Group (NYSE:AIG) Price Target Raised to $86.00

American International Group (NYSE:AIGFree Report) had its price target raised by Keefe, Bruyette & Woods from $82.00 to $86.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Several other analysts have also issued reports on the company. UBS Group upped their target price on American International Group from $83.00 to $84.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. TD Cowen began coverage on shares of American International Group in a research note on Wednesday, January 10th. They issued a market perform rating and a $78.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of American International Group from $73.00 to $80.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Wells Fargo & Company raised their price objective on American International Group from $66.00 to $74.00 and gave the company an equal weight rating in a research note on Wednesday, February 21st. Finally, Piper Sandler reissued an overweight rating and issued a $87.00 target price on shares of American International Group in a research note on Monday, April 1st. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, American International Group has a consensus rating of Hold and an average target price of $77.35.

View Our Latest Report on AIG

American International Group Trading Down 0.7 %

Shares of American International Group stock opened at $73.67 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. American International Group has a 1 year low of $48.95 and a 1 year high of $78.95. The firm has a market cap of $50.17 billion, a PE ratio of 14.76, a PEG ratio of 1.06 and a beta of 1.03. The company has a 50 day simple moving average of $73.77 and a two-hundred day simple moving average of $67.99.

American International Group (NYSE:AIGGet Free Report) last released its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Analysts expect that American International Group will post 7.11 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

Insiders Place Their Bets

In other news, Director John C. Inglis bought 659 shares of American International Group stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the acquisition, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director John C. Inglis acquired 659 shares of the stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American International Group

Institutional investors and hedge funds have recently made changes to their positions in the business. OFI Invest Asset Management purchased a new stake in shares of American International Group in the 3rd quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in American International Group in the first quarter worth $29,000. Headlands Technologies LLC purchased a new stake in shares of American International Group in the third quarter worth $32,000. Neo Ivy Capital Management bought a new position in shares of American International Group during the fourth quarter valued at $40,000. Finally, Scarborough Advisors LLC purchased a new position in shares of American International Group in the 4th quarter worth about $40,000. Institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for American International Group (NYSE:AIG)

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