Keefe, Bruyette & Woods reaffirmed their buy rating on shares of American International Group, Inc. (NYSE:AIG) in a report issued on Friday morning. Keefe, Bruyette & Woods currently has a $75.00 price objective on the insurance provider’s stock.

A number of other research analysts have also commented on the stock. Buckingham Research started coverage on shares of American International Group in a research report on Monday, September 11th. They set an underperform rating and a $52.00 price objective for the company. Zacks Investment Research raised shares of American International Group from a hold rating to a buy rating and set a $70.00 price objective for the company in a research report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a buy rating and set a $73.00 price objective on shares of American International Group in a research report on Wednesday, September 6th. BidaskClub lowered shares of American International Group from a hold rating to a sell rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company reaffirmed a buy rating on shares of American International Group in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. American International Group presently has a consensus rating of Hold and a consensus target price of $68.31.

American International Group (AIG) opened at 61.78 on Friday. American International Group has a 1-year low of $57.35 and a 1-year high of $67.47. The company has a 50-day moving average price of $60.64 and a 200-day moving average price of $62.20. The firm’s market capitalization is $55.81 billion.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, equities research analysts predict that American International Group will post $4.42 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

Large investors have recently bought and sold shares of the stock. Pathstone Family Office LLC raised its position in American International Group by 2,557.1% in the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after purchasing an additional 1,432 shares in the last quarter. Israel Discount Bank of New York bought a new stake in American International Group during the first quarter worth about $145,000. Peddock Capital Advisors LLC grew its stake in American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after buying an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in American International Group by 0.5% during the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after buying an additional 14 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after buying an additional 716 shares during the last quarter. 83.98% of the stock is owned by hedge funds and other institutional investors.

American International Group Company Profile

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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