American International Group (NYSE:AIG) Price Target Raised to $86.00 at Mizuho

American International Group (NYSE:AIG) had its price objective hoisted by equities research analysts at Mizuho from $83.00 to $86.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Mizuho’s target price suggests a potential upside of 9.89% from the stock’s previous close.

AIG has been the subject of several other reports. The Goldman Sachs Group lifted their price objective on shares of American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Barclays dropped 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 note on Wednesday, February 11th. Evercore cut their price target on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. Wells Fargo & Company raised their price objective on shares of American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Royal Bank Of Canada initiated coverage on shares of American International Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.47.

American International Group Stock Down 0.7%

AIG stock opened at $78.26 on Tuesday. American International Group has a one year low of $71.25 and a one year high of $88.07. The firm’s 50 day moving average price is $78.92 and its 200-day moving average price is $78.85. The firm has a market cap of $41.99 billion, a PE ratio of 14.44, a PEG ratio of 0.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter last year, the company posted $1.30 EPS. On average, equities research analysts anticipate that American International Group will post 6.24 EPS for the current year.

Institutional Trading of American International Group

A number of hedge funds and other institutional investors have recently modified their holdings of AIG. Brighton Jones LLC acquired a new position in shares of American International Group in the 4th quarter valued at about $1,091,000. Sivia Capital Partners LLC raised its position in shares of American International Group by 30.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after buying an additional 1,185 shares in the last quarter. Private Trust Co. NA lifted its position in American International Group by 36.0% in the second quarter. Private Trust Co. NA now owns 3,880 shares of the insurance provider’s stock worth $332,000 after purchasing an additional 1,027 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of American International Group by 10.7% in the second quarter. Chicago Partners Investment Group LLC now owns 5,109 shares of the insurance provider’s stock valued at $406,000 after buying an additional 493 shares during the period. Finally, Journey Advisory Group LLC bought a new position in shares of American International Group during the 2nd quarter valued at about $240,000. 90.60% of the stock is owned by hedge funds and other 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.