American International Group, Inc. (AIG) Given “Buy” Rating at Morgan Stanley
A number of other analysts have also issued reports on the stock. Buckingham Research initiated coverage on shares of American International Group in a research note on Monday, September 11th. They issued an underperform rating and a $52.00 price target for the company. Zacks Investment Research upgraded shares of American International Group from a hold rating to a buy rating and set a $70.00 price target for the company in a research note on Wednesday, July 5th. Royal Bank Of Canada restated a buy rating and issued a $73.00 price target on shares of American International Group in a research note on Wednesday, September 6th. BidaskClub lowered shares of American International Group from a hold rating to a sell rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company restated a buy rating on shares of American International Group in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. American International Group has a consensus rating of Hold and a consensus price target of $68.35.
Shares of American International Group (NYSE AIG) opened at 61.78 on Tuesday. American International Group has a 12 month low of $57.35 and a 12 month high of $67.47. The stock’s market capitalization is $55.81 billion. The firm has a 50 day moving average of $60.65 and a 200-day moving average of $62.21.
American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. The company had revenue of $11.23 billion for 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 last year, the firm posted $0.98 earnings per share. Analysts forecast that American International Group will post $4.42 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s payout ratio is currently -711.07%.
A number of hedge funds have recently bought and sold shares of AIG. Waldron LP acquired a new stake in American International Group in the first quarter worth about $208,000. Chicago Partners Investment Group LLC lifted 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 worth $165,000 after purchasing an additional 14 shares during the period. LMR Partners LLP lifted its holdings in American International Group by 407.0% in the first quarter. LMR Partners LLP now owns 95,097 shares of the insurance provider’s stock worth $5,937,000 after purchasing an additional 76,340 shares during the period. ZWJ Investment Counsel Inc. lifted its holdings in American International Group by 381.7% in the first quarter. ZWJ Investment Counsel Inc. now owns 15,382 shares of the insurance provider’s stock worth $960,000 after purchasing an additional 12,189 shares during the period. Finally, Vivaldi Capital Management LLC acquired a new stake in American International Group in the first quarter worth about $7,766,292,000. 83.98% of the stock is owned by institutional investors and hedge funds.
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.
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