American International Group, Inc. (AIG) Now Covered by Analysts at Buckingham Research

Buckingham Research started coverage on shares of American International Group, Inc. (NYSE:AIG) in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm issued an underperform rating and a $52.00 price target on the insurance provider’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company reissued a buy rating on shares of American International Group in a report on Wednesday, July 5th. BidaskClub raised shares of American International Group from a hold rating to a buy rating in a report on Monday, August 7th. Royal Bank Of Canada reissued a buy rating and set a $73.00 price target on shares of American International Group in a report on Wednesday, September 6th. Deutsche Bank AG reissued a sell rating and set a $60.00 price target (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a buy rating and set a $75.00 price target on shares of American International Group in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $68.08.

Shares of American International Group (NYSE:AIG) opened at 59.84 on Monday. American International Group has a 1-year low of $57.35 and a 1-year high of $67.47. The firm’s market cap is $54.06 billion. The stock has a 50 day moving average of $62.16 and a 200 day moving average of $62.47.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities research analysts anticipate that American International Group will post $5.27 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

A number of institutional investors have recently modified their holdings of AIG. Israel Discount Bank of New York bought a new stake in American International Group in the first quarter worth about $145,000. Peddock Capital Advisors LLC raised its position in American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares in the last quarter. Finally, Lincoln National Corp bought a new stake in American International Group in the first quarter worth about $202,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Analyst Recommendations for American International Group (NYSE:AIG)

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