Evercore ISI Reaffirms “Hold” Rating for American International Group (NYSE:AIG)

Evercore ISI reiterated their hold rating on shares of American International Group (NYSE:AIG) in a research report released on Friday morning, TipRanks reports. Evercore ISI currently has a $53.00 target price on the insurance provider’s stock.

A number of other analysts have also recently issued reports on the company. Citigroup initiated coverage on American International Group in a research report on Tuesday, January 21st. They set a neutral rating and a $55.00 price objective for the company. Wells Fargo & Co reissued a buy rating on shares of American International Group in a research report on Thursday. ValuEngine cut American International Group from a sell rating to a strong sell rating in a research report on Tuesday, December 3rd. TheStreet raised American International Group from a c rating to a b- rating in a research report on Thursday. Finally, UBS Group reduced their price objective on American International Group from $64.00 to $61.00 and set a buy rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $59.94.

AIG traded down $2.45 during trading on Friday, reaching $48.48. 11,890,677 shares of the stock traded hands, compared to its average volume of 4,541,241. The stock has a market cap of $42.18 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.96 and a beta of 1.12. American International Group has a fifty-two week low of $40.54 and a fifty-two week high of $58.66. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26. The stock’s 50-day simple moving average is $51.82 and its two-hundred day simple moving average is $53.44.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, February 13th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $12.07 billion during the quarter, compared to analysts’ expectations of $12.32 billion. American International Group had a return on equity of 6.33% and a net margin of 6.73%. During the same quarter last year, the firm earned ($0.63) earnings per share. Research analysts anticipate that American International Group will post 5.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.28 annualized dividend and a yield of 2.64%. American International Group’s dividend payout ratio (DPR) is currently 27.89%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Security National Trust Co. bought a new position in American International Group during the fourth quarter valued at about $27,000. Keebeck Wealth Management LLC bought a new position in shares of American International Group in the fourth quarter worth about $28,000. West Bancorporation Inc. bought a new position in shares of American International Group in the fourth quarter worth about $33,000. Penserra Capital Management LLC bought a new position in shares of American International Group in the third quarter worth about $34,000. Finally, Carmichael Hill & Associates Inc. bought a new position in shares of American International Group in the fourth quarter worth about $34,000. Institutional investors own 90.04% of the company’s stock.

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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Analyst Recommendations for American International Group (NYSE:AIG)

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