Stock analysts at Credit Suisse Group AG assumed coverage on shares of American International Group Inc. (NYSE:AIG) in a report issued on Friday. The brokerage set a “neutral” rating on the insurance provider’s stock.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut American International Group from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI began coverage on American International Group in a research report on Wednesday, July 6th. They issued a “buy” rating and a $62.00 price objective for the company. JPMorgan Chase & Co. set a $65.00 price objective on American International Group and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Vetr cut American International Group from a “hold” rating to a “sell” rating and set a $55.52 price objective for the company. in a research report on Wednesday, August 3rd. Finally, Morgan Stanley set a $63.00 price objective on American International Group and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $65.10.

Shares of American International Group (NYSE:AIG) opened at 59.95 on Friday. The company’s market cap is $64.19 billion. The firm’s 50-day moving average price is $58.93 and its 200 day moving average price is $56.12. American International Group has a 12-month low of $48.41 and a 12-month high of $64.31.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. American International Group had a positive return on equity of 1.33% and a negative net margin of 0.64%. During the same period in the previous year, the business posted $1.39 earnings per share. On average, analysts predict that American International Group will post $4.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Tuesday, September 13th. American International Group’s dividend payout ratio is currently -799.95%.

Several hedge funds and other institutional investors have recently modified their holdings of AIG. NN Investment Partners Holdings N.V. bought a new position in shares of American International Group during the first quarter valued at $406,000. Menta Capital LLC bought a new position in shares of American International Group during the first quarter valued at $913,000. Investec Asset Management North America Inc. boosted its position in shares of American International Group by 8.6% in the first quarter. Investec Asset Management North America Inc. now owns 167,970 shares of the insurance provider’s stock valued at $9,079,000 after buying an additional 13,295 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of American International Group by 14.8% in the first quarter. Canada Pension Plan Investment Board now owns 8,120,029 shares of the insurance provider’s stock valued at $438,888,000 after buying an additional 1,049,100 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of American International Group by 60.9% in the first quarter. Rafferty Asset Management LLC now owns 176,073 shares of the insurance provider’s stock valued at $9,517,000 after buying an additional 66,644 shares in the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

About American International Group

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

5 Day Chart for NYSE:AIG

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