Shares of American International Group Inc (NYSE:AIG) have earned a consensus rating of “Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.57.

A number of brokerages recently weighed in on AIG. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. TheStreet cut shares of American International Group from a “c” rating to a “d+” rating in a report on Monday, August 3rd. BofA Securities raised shares of American International Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $34.00 to $38.00 in a report on Thursday, August 6th. Credit Suisse Group reaffirmed a “hold” rating on shares of American International Group in a report on Tuesday, August 4th. Finally, Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating and set a $30.00 target price for the company in a report on Tuesday, September 1st.

In related news, CFO Elias F. Habayeb sold 8,500 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $29.40, for a total transaction of $249,900.00. Following the completion of the transaction, the chief financial officer now directly owns 5,745 shares of the company’s stock, valued at $168,903. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its holdings in shares of American International Group by 25.8% in the 2nd quarter. Macquarie Group Ltd. now owns 21,492,255 shares of the insurance provider’s stock worth $670,129,000 after acquiring an additional 4,404,178 shares during the last quarter. Invesco Ltd. grew its position in shares of American International Group by 11.1% in the 1st quarter. Invesco Ltd. now owns 23,949,724 shares of the insurance provider’s stock worth $580,779,000 after buying an additional 2,399,106 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of American International Group by 13.9% in the 2nd quarter. Pzena Investment Management LLC now owns 18,086,847 shares of the insurance provider’s stock worth $563,948,000 after buying an additional 2,202,350 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of American International Group by 14.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 16,452,929 shares of the insurance provider’s stock worth $513,002,000 after buying an additional 2,081,751 shares during the last quarter. Finally, Turiya Advisors Asia Ltd purchased a new position in shares of American International Group in the 2nd quarter worth approximately $53,661,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Shares of NYSE AIG opened at $28.93 on Friday. The firm’s 50 day moving average price is $30.08 and its 200-day moving average price is $29.51. The company has a market cap of $25.33 billion, a PE ratio of 12.46, a P/E/G ratio of 1.14 and a beta of 1.37. American International Group has a 52-week low of $16.07 and a 52-week high of $58.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.34 and a current ratio of 0.34.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, August 3rd. The insurance provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.16. The company had revenue of $11.73 billion for the quarter, compared to the consensus estimate of $11.17 billion. American International Group had a negative net margin of 9.46% and a positive return on equity of 3.28%. During the same quarter in the prior year, the firm earned $1.43 earnings per share. On average, analysts forecast that American International Group will post 2.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 17th will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 16th. This represents a $1.28 annualized dividend and a yield of 4.42%. American International Group’s payout ratio is 27.89%.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

Further Reading: Market Perform

Analyst Recommendations for American International Group (NYSE:AIG)

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