American International Group (AIG) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of American International Group (NYSE: AIG) recently:

• 7/23/2024 – American International Group had its price target lowered by analysts at Citigroup Inc. from $89.00 to $87.00. They now have a “buy” rating on the stock.
• 7/11/2024 – American International Group had its price target lowered by analysts at Bank of America Co. from $84.00 to $81.00. They now have a “neutral” rating on the stock.
• 7/11/2024 – American International Group had its price target raised by analysts at JPMorgan Chase & Co. from $80.00 to $93.00. They now have a “neutral” rating on the stock.
• 7/10/2024 – American International Group had its price target lowered by analysts at Morgan Stanley from $82.00 to $80.00. They now have an “equal weight” rating on the stock.
• 7/9/2024 – American International Group had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $87.00 price target on the stock.
• 6/27/2024 – American International Group had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $87.00 price target on the stock.
• 6/27/2024 – American International Group had its price target lowered by analysts at Evercore ISI from $81.00 to $78.00. They now have an “in-line” rating on the stock.
• 6/11/2024 – American International Group had its price target raised by analysts at Bank of America Co. from $82.00 to $84.00. They now have a “neutral” rating on the stock.

American International Group Price Performance

AIG traded up $1.03 during trading on Tuesday, hitting $79.01. The company’s stock had a trading volume of 4,657,553 shares, compared to its average volume of 4,159,198. American International Group, Inc. has a 12 month low of $57.02 and a 12 month high of $80.83. The stock has a market capitalization of $52.44 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average price is $76.10 and its two-hundred day moving average price is $74.59.

American International Group (NYSE:AIG) last released its earnings results on Thursday, May 2nd. The insurance provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.66 by $0.11. American International Group had a return on equity of 10.54% and a net margin of 9.98%. The company had revenue of $12.58 billion during the quarter, compared to analysts’ expectations of $12.04 billion. During the same period last year, the firm earned $1.63 EPS. Sell-side analysts forecast that American International Group, Inc. will post 6.4 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from American International Group’s previous quarterly dividend of $0.36. American International Group’s dividend payout ratio is currently 23.88%.

Insider Buying and Selling

In other American International Group news, Director W Don Cornwell 1,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder International Group American sold 1,932,609 shares of American International Group stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total value of $56,432,182.80. Following the sale, the insider now owns 292,271,027 shares of the company’s stock, valued at $8,534,313,988.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Don Cornwell 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American International Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Forum Financial Management LP lifted its holdings in shares of American International Group by 1.1% during the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock worth $904,000 after buying an additional 128 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in American International Group by 5.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 136 shares during the period. Quent Capital LLC increased its holdings in American International Group by 4.0% in the 2nd quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after buying an additional 146 shares during the period. Sage Mountain Advisors LLC lifted its holdings in shares of American International Group by 2.3% during the 1st quarter. Sage Mountain Advisors LLC now owns 6,700 shares of the insurance provider’s stock worth $524,000 after acquiring an additional 148 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of American International Group by 0.6% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 25,011 shares of the insurance provider’s stock worth $1,694,000 after acquiring an additional 154 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

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.