Mizuho Raises American International Group (NYSE:AIG) Price Target to $89.00

American International Group (NYSE:AIG) had its price objective increased by equities researchers at Mizuho from $86.00 to $89.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price target would indicate a potential upside of 12.47% from the company’s current price.

A number of other equities analysts have also commented on AIG. UBS Group raised their price target on shares of American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. HSBC decreased their price target on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Cantor Fitzgerald raised their price objective on American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Bank of America decreased their target price on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.44.

American International Group Price Performance

Shares of NYSE AIG opened at $79.13 on Thursday. The business’s 50 day moving average is $76.22 and its 200-day moving average is $76.99. The firm has a market cap of $41.96 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $1.17 EPS. Equities research analysts predict that American International Group will post 8 earnings per share for the current year.

Institutional Investors Weigh In On American International Group

Several hedge funds have recently added to or reduced their stakes in AIG. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 129 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings 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 buying an additional 130 shares during the period. Larson Financial Group LLC raised its holdings in American International Group by 12.6% during the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 140 shares during the last quarter. GW&K Investment Management LLC increased its holdings in American International Group by 8.1% in the fourth quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock worth $164,000 after purchasing an additional 144 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in American International Group by 1.3% in the first quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock valued at $831,000 after buying an additional 146 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting American International Group

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Cantor Fitzgerald upgraded AIG from neutral to overweight and lifted its price target to $92, citing continued Q1 momentum. AIG raised to overweight at Cantor based on Q1 momentum continuing
• Positive Sentiment: Mizuho raised its price target on AIG to $89 from $86, reflecting higher valuation expectations even while keeping a neutral rating. American International Group (NYSE:AIG) Price Target Raised to $89.00 at Mizuho
• Positive Sentiment: Wells Fargo also increased its target on AIG to $89 from $85, suggesting analysts see further upside from current levels. Benzinga report on Wells Fargo target increase
• Neutral Sentiment: Barclays reaffirmed its hold rating on AIG, which does not add to the bullish case but shows the stock still has analyst attention. Barclays Reaffirms Their Hold Rating on American International Group (AIG)
• Neutral Sentiment: UBS issued a positive forecast for AIG, but no specific target change or upgrade was detailed in the provided item. UBS Group Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

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.