American International Group, Inc. (NYSE:AIG) Receives $88.06 Average PT from Analysts

American International Group, Inc. (NYSE:AIG) has been given an average rating of “Hold” by the twenty analysts that are presently covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong 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 $88.0556.

AIG has been the subject of several research reports. Bank of America cut their price target on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. cut their price target on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Cantor Fitzgerald lifted their price target on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wells Fargo & Company cut their price target on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Finally, Piper Sandler cut their target price on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th.

American International Group Price Performance

American International Group stock opened at $74.26 on Wednesday. American International Group has a one year low of $71.25 and a one year high of $87.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The business has a fifty day moving average of $76.12 and a two-hundred day moving average of $77.56. The company has a market cap of $39.37 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.68 and a beta of 0.53.

American International Group (NYSE:AIG) last released its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter in the previous year, the company posted $1.17 EPS. As a group, analysts predict that American International Group will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is presently 31.75%.

Institutional Investors Weigh In On American International Group

Hedge funds have recently made changes to their positions in the business. Capital Research Global Investors grew its holdings in American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after buying an additional 12,645,616 shares during the period. Norges Bank purchased a new stake in American International Group in the 4th quarter valued at about $636,782,000. Vanguard Group Inc. grew its holdings in American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in American International Group by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after buying an additional 4,661,246 shares during the period. Finally, Franklin Resources Inc. grew its holdings in American International Group by 36.9% in the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after buying an additional 4,210,363 shares during the period. Institutional investors and hedge funds 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.