American International Group, Inc. (NYSE:AIG)‘s stock had its “neutral” rating restated by investment analysts at B. Riley in a report issued on Monday. B. Riley also issued estimates for American International Group’s FY2017 earnings at $2.75 EPS, FY2018 earnings at $5.00 EPS and FY2019 earnings at $5.30 EPS.

Other analysts have also issued reports about the company. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. BidaskClub raised American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Bank of America Corporation lowered American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research note on Friday, November 3rd. Barclays PLC lowered their price target on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and issued a $60.00 price target (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have issued 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 currently has a consensus rating of “Hold” and an average target price of $68.18.

American International Group (NYSE:AIG) traded down $0.23 during trading on Monday, hitting $61.90. The stock had a trading volume of 273,590 shares, compared to its average volume of 5,492,401. The stock has a market capitalization of $56,175.98, a PE ratio of 24.90, a PEG ratio of 1.79 and a beta of 1.23. American International Group has a 1-year low of $57.90 and a 1-year high of $67.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.27 and a quick ratio of 0.27.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.41%. During the same quarter last year, the firm earned $1.23 earnings per share. equities analysts forecast that American International Group will post 3.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/08/b-riley-reiterates-neutral-rating-for-american-international-group-inc-aig.html.

Institutional investors have recently made changes to their positions in the company. Northern Capital Management LLC lifted its stake in shares of American International Group by 4.0% in the 2nd quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock valued at $2,883,000 after purchasing an additional 1,760 shares during the last quarter. Girard Partners LTD. acquired a new position in shares of American International Group in the 2nd quarter valued at $215,000. Oppenheimer & Co. Inc. lifted its stake in shares of American International Group by 9.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock valued at $5,557,000 after purchasing an additional 7,963 shares during the last quarter. AXA lifted its stake in shares of American International Group by 113.5% in the 2nd quarter. AXA now owns 411,178 shares of the insurance provider’s stock valued at $25,707,000 after purchasing an additional 218,583 shares during the last quarter. Finally, Allen Investment Management LLC lifted its stake in shares of American International Group by 126.4% in the 2nd quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock valued at $2,626,000 after purchasing an additional 23,445 shares during the last quarter. 83.55% of the stock is currently 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)

Receive News & Stock Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related stocks with our FREE daily email newsletter.