Barclays Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its target price lifted by Barclays from $80.00 to $81.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s target price indicates a potential upside of 1.50% from the stock’s current price.

A number of other research firms have also weighed in on AIG. Keefe, Bruyette & Woods reduced their target price on American International Group from $98.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Bank of America decreased their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Piper Sandler reiterated a “neutral” rating and set a $80.00 price target (down from $88.00) on shares of American International Group in a research report on Wednesday, July 15th. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, BMO Capital Markets upped their price target on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.28.

American International Group Trading Down 0.4%

NYSE:AIG opened at $79.80 on Friday. The firm has a market cap of $42.31 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day moving average price of $77.19 and a two-hundred day moving average price of $76.73. American International Group has a 52 week low of $71.25 and a 52 week high of $87.29.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The company had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the firm earned $1.81 EPS. On average, equities analysts expect that American International Group will post 7.97 earnings per share for the current fiscal year.

Institutional Trading of American International Group

A number of hedge funds have recently made changes to their positions in AIG. Modus Advisors LLC bought a new stake in American International Group in the fourth quarter worth $27,000. Navalign LLC purchased a new position in shares of American International Group in the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of American International Group in the 4th quarter worth about $29,000. SHP Wealth Management bought a new position in American International Group in the 4th quarter worth about $34,000. Finally, CENTRAL TRUST Co grew its holdings in shares of American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

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.