Vetr cut shares of American International Group Inc. (NYSE:AIG) from a strong-buy rating to a buy rating in a research note published on Wednesday. Vetr currently has $67.85 price objective on the insurance provider’s stock.

A number of other research firms have also weighed in on AIG. TheStreet raised American International Group from a hold rating to a buy rating in a report on Monday, October 10th. BMO Capital Markets lifted their target price on American International Group from $58.86 to $64.00 and gave the company a market perform rating in a report on Monday, August 22nd. FBR & Co reaffirmed a hold rating and set a $53.00 target price on shares of American International Group in a report on Thursday, August 4th. Zacks Investment Research lowered American International Group from a buy rating to a hold rating in a report on Thursday, October 6th. Finally, Credit Suisse Group AG set a $60.00 target price on American International Group and gave the company a hold rating in a report on Wednesday, August 3rd. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $65.12.

Analyst Recommendations for American International Group (NYSE:AIG)

American International Group (NYSE:AIG) opened at 63.32 on Wednesday. The company has a 50-day moving average of $60.05 and a 200-day moving average of $57.22. American International Group has a one year low of $48.41 and a one year high of $64.31. The company has a market cap of $66.04 billion, a price-to-earnings ratio of 206.25 and a beta of 1.37.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.02. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same period last year, the company posted $0.52 earnings per share. Equities research analysts expect that American International Group will post $3.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.02%. American International Group’s dividend payout ratio (DPR) is presently 290.92%.

A number of hedge funds have recently modified their holdings of AIG. Nuveen Asset Management LLC increased its stake in shares of American International Group by 89.2% in the first quarter. Nuveen Asset Management LLC now owns 227,904 shares of the insurance provider’s stock valued at $12,318,000 after buying an additional 107,421 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of American International Group during the first quarter valued at about $2,196,000. Orbis Allan Gray Ltd acquired a new stake in shares of American International Group during the first quarter valued at about $215,015,000. HRS Investment Holdings LLC increased its stake in shares of American International Group by 11.1% in the first quarter. HRS Investment Holdings LLC now owns 50,000 shares of the insurance provider’s stock valued at $2,702,000 after buying an additional 5,000 shares during the period. Finally, Steinberg Global Asset Management increased its stake in shares of American International Group by 5.4% in the first quarter. Steinberg Global Asset Management now owns 44,446 shares of the insurance provider’s stock valued at $2,403,000 after buying an additional 2,281 shares during the period. 83.72% of the stock is currently owned by institutional investors.

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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