Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for American International Group (NYSE:AIG) Stock

American International Group (NYSE:AIG) had its target price upped by Keefe, Bruyette & Woods from $95.00 to $96.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 24.01% from the company’s previous close.

Several other research analysts have also weighed in on AIG. JPMorgan Chase & Co. increased 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. BMO Capital Markets lifted their target price on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Wells Fargo & Company dropped their price objective on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday. Barclays boosted their price target on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Piper Sandler boosted their price target on shares of American International Group from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.44.

American International Group Stock Performance

NYSE AIG opened at $77.41 on Tuesday. The stock’s 50 day simple moving average is $77.36 and its 200-day simple moving average is $76.80. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $41.04 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.72 and a beta of 0.52.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.03%. During the same period in the previous year, the business posted $1.81 earnings per share. As a group, equities research analysts anticipate that American International Group will post 7.99 EPS for the current fiscal year.

Hedge Funds Weigh In On American International Group

A number of large investors have recently made changes to their positions in AIG. Brighton Jones LLC acquired a new stake in shares of American International Group in the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC boosted its holdings in American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after buying an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in American International Group during the second quarter worth about $217,000. Ieq Capital LLC boosted its stake in shares of American International Group by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after acquiring an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of American International Group in the 2nd quarter worth approximately $269,000. Hedge funds and other 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.