American International Group Inc. (AIG) PT Raised to $64.00 at FBR & Co
American International Group Inc. (NYSE:AIG) had its price target hoisted by stock analysts at FBR & Co from $57.00 to $64.00 in a note issued to investors on Monday. The brokerage currently has a “mkt perform” rating on the insurance provider’s stock. FBR & Co’s price objective would suggest a potential upside of 1.14% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the company. Credit Suisse Group AG set a $61.00 price objective on American International Group and gave the company a “hold” rating in a report on Sunday, November 20th. Vetr cut American International Group from a “hold” rating to a “sell” rating and set a $55.52 price objective on the stock. in a report on Wednesday, August 3rd. Keefe, Bruyette & Woods raised their price objective on American International Group from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. set a $65.00 price objective on American International Group and gave the company a “hold” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley set a $63.00 price objective on American International Group and gave the company a “hold” rating in a report on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $65.62.
American International Group (NYSE:AIG) opened at 63.28 on Monday. American International Group has a 52 week low of $48.41 and a 52 week high of $64.72. The firm has a market capitalization of $65.00 billion, a price-to-earnings ratio of 206.12 and a beta of 1.37. The firm has a 50-day moving average price of $61.50 and a 200 day moving average price of $57.85.
American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share for the quarter, beating 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 in the previous year, the company posted $0.52 EPS. On average, equities research analysts forecast that American International Group will post $3.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, December 6th. American International Group’s dividend payout ratio is currently 290.92%.
COPYRIGHT VIOLATION WARNING: This news story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2016/11/30/american-international-group-inc-aig-pt-raised-to-64-00-at-fbr-co.html.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new position in American International Group during the third quarter valued at $131,000. Chicago Partners Investment Group LLC boosted its stake in 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 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. Pointe Capital Management LLC boosted its stake in American International Group by 2.1% in the second quarter. Pointe Capital Management LLC now owns 3,786 shares of the insurance provider’s stock worth $200,000 after buying an additional 79 shares during the period. Finally, Rikoon Group LLC purchased a new stake in American International Group during the third quarter worth approximately $206,000. Hedge funds and other institutional investors own 82.98% 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.
Receive News & Stock Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related stocks with our FREE daily email newsletter.