American International Group, Inc. (NYSE:AIG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of American International Group, Inc. (NYSE:AIG) have been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $88.3889.

AIG has been the subject of several recent analyst reports. Cantor Fitzgerald raised shares of American International Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $85.00 to $92.00 in a report on Thursday, July 9th. Morgan Stanley cut their target price on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Citigroup increased their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company decreased their price target on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group boosted their price objective on American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, July 1st.

American International Group Stock Performance

Shares of NYSE:AIG opened at $76.54 on Monday. The firm has a market capitalization of $40.02 billion, a PE ratio of 13.99, a P/E/G ratio of 0.69 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.65. The business has a 50-day moving average of $77.57 and a two-hundred day moving average of $76.89. American International Group has a 12 month low of $71.25 and a 12 month high of $87.29.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period last year, the business posted $1.81 EPS. As a group, research analysts forecast that American International Group will post 8.02 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s dividend payout ratio (DPR) is 36.56%.

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 200,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the sale, the insider directly owned 592,833 shares in the company, valued at approximately $45,333,939.51. The trade was a 25.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in American International Group by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after buying an additional 129 shares during the last quarter. Westwood Holdings Group Inc. grew its position in American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after buying an additional 130 shares in the last quarter. L2 Asset Management LLC increased its holdings in American International Group by 4.8% in the 2nd quarter. L2 Asset Management LLC now owns 3,046 shares of the insurance provider’s stock valued at $227,000 after buying an additional 139 shares during the period. Larson Financial Group LLC grew its stake in shares of American International Group by 12.6% in the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock valued at $107,000 after purchasing an additional 140 shares during the period. Finally, GW&K Investment Management LLC grew its holdings in shares of American International Group by 8.1% in the 4th quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock worth $164,000 after purchasing an additional 144 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.