B. Riley Reiterates Neutral Rating for American International Group, Inc. (AIG)
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.
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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.
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