Analysts Set American International Group, Inc. (NYSE:AIG) Price Target at $84.13

Shares of American International Group, Inc. (NYSE:AIGGet Free Report) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $84.13.

Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods cut their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, UBS Group lifted their target price on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th.

Read Our Latest Stock Analysis on AIG

Institutional Trading of American International Group

Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after buying an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. raised its stake in shares of American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock valued at $1,029,905,000 after buying an additional 461,912 shares during the period. Bank of New York Mellon Corp raised its stake in shares of American International Group by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock valued at $677,825,000 after buying an additional 347,982 shares during the period. Franklin Resources Inc. raised its stake in shares of American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after buying an additional 457,821 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after buying an additional 59,180 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Up 0.5 %

Shares of American International Group stock opened at $75.09 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group has a 52 week low of $68.04 and a 52 week high of $80.83. The stock has a 50 day moving average price of $73.44 and a two-hundred day moving average price of $74.47. The stock has a market capitalization of $46.84 billion, a PE ratio of -22.15, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

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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