American International Group, Inc. (NYSE:AIG) Given Consensus Recommendation of “Moderate Buy” by Analysts

American International Group, Inc. (NYSE:AIG) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $84.80.

A number of brokerages have weighed in on AIG. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Barclays initiated coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, Jefferies Financial Group upped their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th.

Hedge Funds Weigh In On American International Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Forum Financial Management LP lifted its holdings in American International Group by 1.1% in the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after acquiring an additional 128 shares during the period. EagleClaw Capital Managment LLC lifted its stake in shares of American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after purchasing an additional 150 shares during the period. Independent Advisor Alliance boosted its holdings in shares of American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after buying an additional 161 shares during the last quarter. Graypoint LLC grew its position in American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after buying an additional 167 shares during the period. Finally, Commerce Bank increased its holdings in American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after buying an additional 172 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

Shares of AIG stock opened at $72.84 on Wednesday. The business’s fifty day moving average is $75.52 and its 200 day moving average is $74.94. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $45.44 billion, a price-to-earnings ratio of -21.49, a PEG ratio of 7.30 and a beta of 1.05. American International Group has a twelve month low of $66.06 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the prior year, the firm earned $1.61 EPS. Research analysts expect that American International Group will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.