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.

Analyst Recommendations for American International Group (NYSE:AIG)

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%.

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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.

5 Day Chart for NYSE:AIG

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