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

American International Group, Inc. (NYSE:AIG) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $79.06.

Several equities research analysts recently commented on AIG shares. Keefe, Bruyette & Woods boosted their target price on American International Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $77.00 in a research note on Tuesday, February 20th. Wells Fargo & Company upped their price objective on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada boosted their target price on American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th.

Insiders Place Their Bets

In related news, Director John C. Inglis acquired 659 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the transaction, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Inglis bought 659 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, with a total value of $49,682.01. Following the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On American International Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB grew its holdings in American International Group by 18.7% in the 4th quarter. Nordea Investment Management AB now owns 2,032,907 shares of the insurance provider’s stock valued at $138,014,000 after buying an additional 319,948 shares during the last quarter. American Century Companies Inc. boosted its position in shares of American International Group by 22.6% in the third quarter. American Century Companies Inc. now owns 422,852 shares of the insurance provider’s stock valued at $25,625,000 after acquiring an additional 77,874 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of American International Group by 121.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider’s stock worth $2,629,000 after acquiring an additional 21,279 shares during the last quarter. Tritonpoint Wealth LLC bought a new position in American International Group during the fourth quarter worth $1,072,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in American International Group by 12.9% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 581,239 shares of the insurance provider’s stock valued at $39,379,000 after purchasing an additional 66,603 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of NYSE AIG opened at $72.99 on Friday. The stock has a market cap of $49.70 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.05 and a beta of 1.03. The firm’s 50-day simple moving average is $74.10 and its 200 day simple moving average is $68.33. American International Group has a fifty-two week low of $48.95 and a fifty-two week high of $78.95. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. American International Group’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. Equities analysts expect that American International Group will post 7.05 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.97%. American International Group’s dividend payout ratio (DPR) is currently 28.86%.

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.