American International Group, Inc. (NYSE:AIG) had its price objective lowered by UBS AG from $65.00 to $64.00 in a research report report published on Tuesday morning, www.benzinga.com reports. UBS AG currently has a neutral rating on the insurance provider’s stock.

A number of other brokerages also recently issued reports on AIG. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. BidaskClub raised American International Group from a sell rating to a hold rating in a research report on Tuesday, August 1st. Zacks Investment Research raised American International Group from a sell rating to a hold rating in a research report on Tuesday, August 1st. Atlantic Securities downgraded American International Group from an overweight rating to a neutral rating and set a $70.00 price target on the stock. in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a sell rating and set a $60.00 price target (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $67.96.

Shares of American International Group (NYSE:AIG) opened at 60.50 on Tuesday. The firm’s 50-day moving average price is $61.67 and its 200 day moving average price is $62.35. The stock’s market capitalization is $54.66 billion. American International Group has a 52 week low of $57.35 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period in the prior year, the firm posted $0.98 earnings per share. Analysts expect that American International Group will post $5.28 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, September 14th. American International Group’s payout ratio is -711.07%.

Large investors have recently bought and sold shares of the business. Israel Discount Bank of New York purchased a new stake in American International Group in the first quarter valued at $145,000. Peddock Capital Advisors LLC boosted its holdings in American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after purchasing an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after purchasing an additional 14 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after purchasing an additional 716 shares during the last quarter. Finally, Signaturefd LLC purchased a new stake in American International Group in the first quarter valued at $202,000. 83.97% of the stock is currently owned by institutional investors.

About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Analyst Recommendations for American International Group (NYSE:AIG)

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