Mizuho Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective increased by analysts at Mizuho from $83.00 to $86.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price objective indicates a potential upside of 9.89% from the stock’s current price.

Several other equities analysts have also issued reports on AIG. Wells Fargo & Company lifted their target price on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Jefferies Financial Group boosted their price objective on shares of American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Barclays lowered their target price on shares of American International Group from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Finally, Bank of America dropped their target price on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.47.

American International Group Trading Down 0.7%

NYSE:AIG opened at $78.26 on Tuesday. The firm has a 50-day simple moving average of $78.92 and a 200-day simple moving average of $78.85. American International Group has a one year low of $71.25 and a one year high of $88.07. The firm has a market cap of $41.99 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same period last year, the company posted $1.30 earnings per share. Equities analysts anticipate that American International Group will post 6.24 EPS for the current fiscal year.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in AIG. Westfuller Advisors LLC acquired a new position in shares of American International Group in the 3rd quarter valued at $26,000. Modus Advisors LLC purchased a new position in American International Group in the fourth quarter valued at $27,000. Atlantic Union Bankshares Corp raised its position in shares of American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares during the period. Navalign LLC purchased a new stake in shares of American International Group during the 4th quarter worth about $29,000. Finally, Eastern Bank grew its position in shares of American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 371 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.