American International Group (NYSE:AIG) Given New $83.00 Price Target at BMO Capital Markets

American International Group (NYSE:AIG) had its price objective boosted by investment analysts at BMO Capital Markets from $75.00 to $83.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 2.03% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Morgan Stanley boosted their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods lifted their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.31.

American International Group Trading Down 0.3 %

NYSE AIG opened at $81.35 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $48.27 billion, a P/E ratio of -39.11, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group has a 12 month low of $69.00 and a 12 month high of $83.77. The company has a 50-day moving average of $75.86 and a 200-day moving average of $75.20.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, equities analysts predict that American International Group will post 6.24 earnings per share for the current year.

Insider Activity at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AIG. Snowden Capital Advisors LLC raised its stake in shares of American International Group by 1.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 146 shares during the period. Catalina Capital Group LLC boosted its stake in shares of American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 148 shares in the last quarter. EagleClaw Capital Managment LLC increased its holdings in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after acquiring an additional 150 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of American International Group by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock worth $641,000 after buying an additional 152 shares in the last quarter. Finally, Pitcairn Co. lifted its holdings in shares of American International Group by 2.2% during the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock valued at $536,000 after purchasing an additional 158 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile

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.