American International Group, Inc. (NYSE:AIG) Given Consensus Rating of “Hold” by Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been given an average recommendation of “Hold” by the twenty research firms that are currently covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $88.0556.

A number of research firms recently commented on AIG. Bank of America lowered their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company lowered their price target on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. The Goldman Sachs Group upped their price target on shares of American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Mizuho upped their price target on shares of American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald upped their price target on shares of American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th.

American International Group Trading Up 0.0%

Shares of AIG opened at $74.26 on Wednesday. The firm has a market cap of $39.37 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.68 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $87.46. The firm has a 50 day moving average price of $76.12 and a 200-day moving average price of $77.57.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the business posted $1.17 EPS. As a group, equities research analysts forecast that American International Group will post 7.97 earnings per share for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is currently 31.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AIG. Capital Research Global Investors increased 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 purchasing an additional 12,645,616 shares during the period. Norges Bank purchased a new position in American International Group during the 4th quarter valued at $636,782,000. Vanguard Group Inc. increased its position in American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after purchasing an additional 7,117,583 shares during the period. Price T Rowe Associates Inc. MD increased its position in American International Group by 39.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after purchasing an additional 4,661,246 shares during the period. Finally, Franklin Resources Inc. increased its position in American International Group by 36.9% during the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after purchasing an additional 4,210,363 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Company Profile

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.