American International Group (NYSE:AIG) Reaches New 12-Month High After Analyst Upgrade

American International Group, Inc. (NYSE:AIG) shares hit a new 52-week high on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock to $91.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. American International Group traded as high as $87.51 and last traded at $87.01, with a volume of 9834056 shares. The stock had previously closed at $83.62.

Several other equities research analysts also recently weighed in on AIG. BMO Capital Markets upped their price target 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. Evercore ISI upped their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley increased their price objective on shares of 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. Finally, Barclays lifted their price objective on shares of American International Group from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus price target of $86.76.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired 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 $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors grew its holdings in shares of American International Group by 5.8% during the third quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider’s stock worth $3,289,000 after buying an additional 2,469 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of American International Group in the 3rd quarter valued at approximately $295,000. Benjamin Edwards Inc. acquired a new position in shares of American International Group in the third quarter valued at approximately $293,000. Hilltop Holdings Inc. purchased a new stake in shares of American International Group during the third quarter worth approximately $230,000. Finally, HighTower Advisors LLC lifted its holdings in shares of American International Group by 25.8% during the third quarter. HighTower Advisors LLC now owns 92,879 shares of the insurance provider’s stock worth $6,807,000 after purchasing an additional 19,074 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $52.08 billion, a PE ratio of -42.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The business’s 50-day moving average is $79.26 and its two-hundred day moving average is $76.23.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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 research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

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.