American International Group (NYSE:AIG) Stock Price Expected to Rise, Evercore ISI Analyst Says

American International Group (NYSE:AIG) had its price objective upped by stock analysts at Evercore ISI from $81.00 to $89.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the insurance provider’s stock. Evercore ISI’s price target points to a potential upside of 2.92% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on AIG. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. BMO Capital Markets upped their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. UBS Group decreased their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Eight 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.00.

American International Group Trading Down 0.5 %

AIG traded down $0.46 on Tuesday, hitting $86.48. The company had a trading volume of 815,729 shares, compared to its average volume of 4,341,186. American International Group has a 12-month low of $69.00 and a 12-month high of $87.51. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $78.77 and its 200 day simple moving average is $76.05. The company has a market cap of $51.31 billion, a PE ratio of -41.62, a PEG ratio of 1.01 and a beta of 0.98.

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

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American International Group

Several institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in American International Group by 62.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider’s stock valued at $4,812,000 after purchasing an additional 25,458 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in American International Group by 0.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock valued at $1,437,000 after acquiring an additional 169 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in American International Group during the fourth quarter worth about $28,113,000. Integrated Advisors Network LLC grew its position in shares of American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock valued at $1,188,000 after purchasing an additional 161 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of American International Group in the fourth quarter worth $29,000. Hedge funds and other institutional investors 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.