American International Group, Inc. (NYSE:AIG) Receives Consensus Rating of “Hold” from Brokerages

American International Group, Inc. (NYSE:AIG) has received a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $88.3889.

AIG has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Wells Fargo & Company dropped their target price on shares of American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. HSBC decreased their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, July 6th. BMO Capital Markets raised their target price on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Finally, Cantor Fitzgerald raised shares of American International Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $85.00 to $92.00 in a research note on Thursday, July 9th.

Insider Transactions at American International Group

In related news, insider Peter Zaffino sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total value of $15,294,000.00. Following the completion of the transaction, the insider owned 592,833 shares in the company, valued at $45,333,939.51. This trade represents a 25.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AIG. Modus Advisors LLC bought a new position in shares of American International Group during the fourth quarter worth about $27,000. Navalign LLC acquired a new position in American International Group in the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new stake in American International Group during the fourth quarter valued at $29,000. First Bancorp Inc ME bought a new stake in American International Group during the second quarter valued at $30,000. Finally, SHP Wealth Management acquired a new stake in American International Group during the 4th quarter worth about $34,000. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

Shares of NYSE:AIG opened at $76.54 on Monday. American International Group has a 1 year low of $71.25 and a 1 year high of $87.29. The stock has a market capitalization of $40.02 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.70 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The company’s 50 day simple moving average is $77.57 and its 200 day simple moving average is $76.92.

American International Group (NYSE:AIG) last released its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same period in the prior year, the company earned $1.81 earnings per share. As a group, research analysts predict that American International Group will post 8.02 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. American International Group’s payout ratio is currently 36.56%.

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.