Several other brokerages have also commented on AIG. Barclays boosted their target price on shares of American International Group from $65.00 to $67.00 and gave the stock an overweight rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of American International Group from a buy rating to a hold rating and set a $57.00 target price on the stock. in a research report on Thursday, August 8th. Evercore ISI assumed coverage on shares of American International Group in a research report on Thursday, October 17th. They set an in-line rating and a $54.00 target price on the stock. William Blair upgraded shares of American International Group from a market perform rating to an outperform rating in a research report on Thursday, July 18th. Finally, Wells Fargo & Co restated a buy rating and set a $64.00 target price on shares of American International Group in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $59.20.
NYSE:AIG traded down $0.51 during midday trading on Thursday, reaching $55.40. The stock had a trading volume of 2,539,633 shares, compared to its average volume of 4,554,948. The firm has a fifty day simple moving average of $54.51 and a two-hundred day simple moving average of $53.56. American International Group has a 12-month low of $36.16 and a 12-month high of $58.66. The company has a quick ratio of 0.28, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. The stock has a market cap of $47.68 billion, a P/E ratio of 47.35, a P/E/G ratio of 1.16 and a beta of 1.19.
American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, November 1st. The insurance provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.43). The firm had revenue of $11.99 billion during the quarter, compared to analysts’ expectations of $12.03 billion. American International Group had a net margin of 3.56% and a return on equity of 4.17%. During the same quarter last year, the business earned ($0.34) earnings per share. On average, sell-side analysts anticipate that American International Group will post 4.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.31%. American International Group’s dividend payout ratio (DPR) is presently 109.40%.
In other news, CEO Seraina Macia sold 7,550 shares of American International Group stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $56.00, for a total transaction of $422,800.00. Following the completion of the transaction, the chief executive officer now owns 11,055 shares of the company’s stock, valued at approximately $619,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC acquired a new position in American International Group in the 2nd quarter valued at about $28,000. Cerebellum GP LLC raised its stake in American International Group by 145.2% in the 3rd quarter. Cerebellum GP LLC now owns 591 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. North Star Investment Management Corp. acquired a new position in American International Group in the 3rd quarter valued at about $39,000. Clean Yield Group acquired a new position in American International Group in the 2nd quarter valued at about $40,000. Finally, Point72 Hong Kong Ltd acquired a new position in American International Group in the 2nd quarter valued at about $46,000. 91.18% of the stock is owned by institutional investors and hedge funds.
American International Group Company Profile
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
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