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

Shares of American International Group, Inc. (NYSE:AIG) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating 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.

AIG has been the topic of several recent research reports. Bank of America increased their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Evercore ISI reduced their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th.

American International Group Trading Up 2.1 %

NYSE:AIG opened at $74.62 on Friday. The company has a 50 day simple moving average of $73.94 and a two-hundred day simple moving average of $74.67. The company has a market cap of $46.54 billion, a PE ratio of -22.01, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group has a 12 month low of $66.06 and a 12 month high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. Research analysts forecast that American International Group will post 4.91 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. American International Group’s dividend payout ratio is presently -47.20%.

Institutional Investors Weigh In On American International Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc bought a new position in shares of American International Group during the third quarter worth $26,000. Y.D. More Investments Ltd purchased a new stake in American International Group in the 2nd quarter worth $27,000. True Wealth Design LLC bought a new position in shares of American International Group during the 3rd quarter valued at about $29,000. Continuum Advisory LLC grew its position in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other 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.