American International Group (NYSE:AIG) Price Target Cut to $83.00 by Analysts at Mizuho

American International Group (NYSE:AIG) had its price objective decreased by research analysts at Mizuho from $84.00 to $83.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price target indicates a potential upside of 12.16% from the company’s current price.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Cantor Fitzgerald reduced their price target on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays decreased their price target on American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. TD Cowen upped their price objective on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, UBS Group lifted their target price on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.68.

American International Group Trading Up 1.3%

Shares of NYSE AIG traded up $0.96 during trading hours on Wednesday, hitting $74.00. 7,061,934 shares of the company traded hands, compared to its average volume of 7,914,197. The company’s 50 day moving average price is $79.76 and its 200 day moving average price is $79.93. American International Group has a 12 month low of $71.74 and a 12 month high of $88.07. The stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.69 and a beta of 0.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. On average, equities research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after purchasing an additional 7,117,583 shares during the period. Capital Research Global Investors boosted its position in American International Group by 79.6% during the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after acquiring an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP boosted its position in American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after acquiring an additional 1,899,203 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of American International Group by 6.1% in the 2nd quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after acquiring an additional 716,209 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in shares of American International Group by 4.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after acquiring an additional 499,330 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.