Morgan Stanley reissued their buy rating on shares of American International Group, Inc. (NYSE:AIG) in a research report released on Tuesday morning.

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.

Analyst Recommendations for American International Group (NYSE:AIG)

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