TheStreet upgraded shares of American International Group Inc. (NYSE:AIG) from a hold rating to a buy rating in a report published on Monday.

A number of other research firms have also recently issued reports on AIG. Evercore ISI started coverage on shares of American International Group in a research report on Wednesday, July 6th. They issued a buy rating and a $62.00 price objective on the stock. Vetr cut shares of American International Group from a buy rating to a hold rating and set a $55.52 price objective on the stock. in a research report on Monday, July 18th. FBR & Co restated a hold rating and issued a $53.00 price objective on shares of American International Group in a research report on Thursday, August 4th. BMO Capital Markets boosted their price objective on shares of American International Group from $58.86 to $64.00 and gave the company a market perform rating in a research report on Monday, August 22nd. Finally, Bank of America Corp. restated a buy rating on shares of American International Group in a research report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. American International Group presently has a consensus rating of Buy and a consensus target price of $65.10.

Analyst Recommendations for American International Group (NYSE:AIG)

Shares of American International Group (NYSE:AIG) traded down 0.96% during trading on Monday, reaching $59.86. 5,170,858 shares of the company traded hands. The firm’s 50 day moving average is $59.03 and its 200-day moving average is $56.29. The stock’s market capitalization is $64.09 billion. 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 released its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. American International Group had a negative net margin of 0.64% and a positive return on equity of 1.33%. During the same period in the previous year, the business earned $1.39 EPS. On average, equities research analysts anticipate that American International Group will post $4.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. American International Group’s dividend payout ratio (DPR) is presently -799.95%.

Several hedge funds have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC boosted its stake in shares of American International Group by 59.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,483 shares of the insurance provider’s stock worth $134,000 after buying an additional 929 shares during the period. Mountain Lake Investment Management LLC purchased a new stake in shares of American International Group during the first quarter worth about $135,000. Chicago Partners Investment Group LLC boosted its stake in shares of American International Group by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,601 shares of the insurance provider’s stock worth $138,000 after buying an additional 16 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock worth $175,000 after buying an additional 17 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC purchased a new stake in shares of American International Group during the third quarter worth about $208,000. 84.69% of the stock is owned by hedge funds and other institutional investors.

American International Group Company Profile

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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