American International Group (NYSE:AIG) Price Target Raised to $91.00

American International Group (NYSE:AIG) had its target price lifted by stock analysts at Deutsche Bank Aktiengesellschaft to $91.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the insurance provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 4.55% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley increased their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods lifted their price target on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.76.

American International Group Price Performance

AIG stock traded up $0.23 on Wednesday, hitting $87.04. 304,263 shares of the company’s stock traded hands, compared to its average volume of 4,356,542. The stock has a market cap of $51.64 billion, a price-to-earnings ratio of -41.96, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group has a 1-year low of $69.00 and a 1-year high of $87.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $79.00 and a 200-day moving average of $76.15.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, analysts forecast that American International Group will post 6.24 EPS for the current fiscal year.

Insider Buying and Selling

In other American International Group news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors increased its position in American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider’s stock worth $2,540,050,000 after purchasing an additional 482,724 shares during the period. Wellington Management Group LLP boosted its position in shares of American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock valued at $1,029,905,000 after purchasing an additional 461,912 shares in the last quarter. Franklin Resources Inc. raised its holdings in American International Group by 14.0% in the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock worth $760,528,000 after purchasing an additional 1,284,354 shares during the period. Finally, Norges Bank bought a new position in shares of American International Group during the fourth quarter worth $718,013,000. Institutional investors own 90.60% of the company’s stock.

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.