American International Group (NYSE:AIG) Reaches New 52-Week Low – What’s Next?

American International Group, Inc. (NYSE:AIG)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $71.71 and last traded at $71.9150, with a volume of 728437 shares changing hands. The stock had previously closed at $72.44.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays dropped their price target on American International Group from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Bank of America decreased their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. The Goldman Sachs Group upped their price target on American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. UBS Group lifted their price objective on American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus target price of $87.68.

American International Group Stock Down 0.8%

The company has a market cap of $38.79 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.76 and a beta of 0.62. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $79.47 and a 200 day moving average of $79.60.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.57 by $0.63. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same quarter in the prior year, the firm earned $1.23 EPS. On average, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Monument Capital Management grew its position in American International Group by 3.5% during the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 129 shares in the last quarter. Geneos Wealth Management Inc. raised its position in American International Group by 2.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after buying an additional 129 shares during the period. Westwood Holdings Group Inc. boosted its position in American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 130 shares during the period. First Bank & Trust increased its holdings in shares of American International Group by 2.2% in the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after purchasing an additional 131 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of American International Group by 17.7% during the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 131 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.