American International Group (NYSE:AIG) Price Target Raised to $88.00 at UBS Group

American International Group (NYSE:AIG) had its target price raised by UBS Group from $84.00 to $88.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

A number of other equities analysts have also recently weighed in on the company. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $90.00 to $84.00 in a research report on Tuesday. StockNews.com downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Citigroup lowered their price objective on American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, Bank of America lifted their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $84.38.

American International Group Stock Performance

NYSE AIG opened at $78.55 on Tuesday. American International Group has a fifty-two week low of $58.69 and a fifty-two week high of $80.83. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06. The business has a fifty day moving average of $74.43 and a 200-day moving average of $75.51. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The company had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same period last year, the firm earned $1.75 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, analysts predict that American International Group will post 5.09 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Monday, September 16th. American International Group’s payout ratio is 23.88%.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the sale, the insider now owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AIG. SageView Advisory Group LLC acquired a new position in shares of American International Group in the fourth quarter worth about $208,000. HighPoint Advisor Group LLC acquired a new position in shares of American International Group in the fourth quarter worth about $505,000. Kapitalo Investimentos Ltda acquired a new position in shares of American International Group in the fourth quarter worth about $109,000. CWM LLC raised its stake in American International Group by 10.1% during the first quarter. CWM LLC now owns 12,115 shares of the insurance provider’s stock valued at $947,000 after buying an additional 1,115 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in American International Group by 14.2% during the first quarter. GAMMA Investing LLC now owns 6,752 shares of the insurance provider’s stock valued at $528,000 after buying an additional 840 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

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.