Brokerages Set American International Group, Inc. (NYSE:AIG) Price Target at $88.22

Shares of American International Group, Inc. (NYSE:AIG) have received an average rating of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $88.1667.

A number of equities research analysts have commented on AIG shares. The Goldman Sachs Group upgraded shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, March 5th. UBS Group dropped their price target on shares of American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Mizuho increased their price objective on shares of American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Barclays decreased their price objective on shares of American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Finally, HSBC lifted their target price on shares of American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 12th.

Hedge Funds Weigh In On American International Group

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in American International Group in the 4th quarter worth approximately $1,091,000. Sivia Capital Partners LLC boosted its stake in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 1,185 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in American International Group during the 2nd quarter valued at approximately $327,000. AE Wealth Management LLC raised its position in shares of American International Group by 13.3% during the second quarter. AE Wealth Management LLC now owns 3,652 shares of the insurance provider’s stock valued at $313,000 after buying an additional 429 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of American International Group during the second quarter valued at approximately $599,000. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

NYSE AIG opened at $76.68 on Friday. The company has a market capitalization of $41.15 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The business’s fifty day moving average is $76.52 and its 200 day moving average is $78.65. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. Sell-side analysts predict that American International Group will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, March 16th. American International Group’s payout ratio is presently 33.21%.

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.