Keefe, Bruyette & Woods Raises American International Group (NYSE:AIG) Price Target to $98.00

American International Group (NYSE:AIG) had its price objective boosted by Keefe, Bruyette & Woods from $90.00 to $98.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 12.72% from the company’s current price.

AIG has been the subject of several other reports. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their price objective on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday. BMO Capital Markets raised their target price on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Finally, Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.00.

American International Group Stock Down 0.0 %

NYSE AIG traded down $0.00 during trading on Tuesday, hitting $86.94. 2,166,684 shares of the company traded hands, compared to its average volume of 4,346,382. American International Group has a 12 month low of $69.00 and a 12 month high of $87.51. The business has a fifty day simple moving average of $78.77 and a 200 day simple moving average of $76.05. The company has a market capitalization of $51.58 billion, a P/E ratio of -41.78, a PEG ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, sell-side analysts predict that American International Group will post 6.24 EPS for the current year.

Insider Transactions at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

Institutional Trading of American International Group

Hedge funds have recently modified their holdings of the company. Artemis Investment Management LLP boosted its stake in American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after purchasing an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its stake in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after acquiring an additional 3,490 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after acquiring an additional 4,468 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC bought a new stake in shares of American International Group during the fourth quarter worth $279,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.