American International Group, Inc. (NYSE:AIG) had its price objective lowered by UBS AG from $65.00 to $64.00 in a research report report published on Tuesday, www.benzinga.com reports. UBS AG currently has a neutral rating on the insurance provider’s stock.
A number of other equities research analysts have also recently issued reports on AIG. BidaskClub cut shares of American International Group from a hold rating to a sell rating in a research report on Sunday, August 13th. Atlantic Securities cut shares of American International Group from an overweight rating to a neutral rating and set a $70.00 price objective for the company. in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a sell rating and set a $60.00 price objective (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a buy rating on shares of American International Group in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $67.96.
Shares of American International Group (NYSE AIG) opened at 60.71 on Tuesday. The firm’s market cap is $54.85 billion. The company’s 50 day moving average is $61.67 and its 200-day moving average is $62.35. American International Group has a 12 month low of $57.35 and a 12 month high of $67.47.
American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities research analysts predict that American International Group will post $5.28 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s dividend payout ratio is currently -711.07%.
Institutional investors have recently added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new position in shares of American International Group in the first quarter valued at approximately $145,000. Peddock Capital Advisors LLC increased its stake in shares of 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 valued at $159,000 after buying an additional 1,271 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of 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 valued at $165,000 after buying an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 valued at $192,000 after buying an additional 716 shares during the period. Finally, Signaturefd LLC acquired a new position in shares of American International Group in the first quarter valued at approximately $202,000. 83.97% of the stock is owned by institutional investors.
American International Group Company Profile
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.
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