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

American International Group (NYSE:AIG) had its target price upped by Morgan Stanley from $75.00 to $76.00 in a report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

AIG has been the subject of several other reports. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods upped their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.06.

American International Group Stock Down 2.8 %

NYSE AIG opened at $74.27 on Friday. The business has a fifty day moving average price of $73.47 and a 200 day moving average price of $74.49. American International Group has a one year low of $68.04 and a one year high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $46.33 billion, a P/E ratio of -21.91, a P/E/G ratio of 5.87 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. Research analysts anticipate that American International Group will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is presently -47.20%.

Hedge Funds Weigh In On American International Group

Hedge funds have recently modified their holdings of the business. CX Institutional lifted its stake in American International Group by 3.6% during the 3rd quarter. CX Institutional now owns 5,426 shares of the insurance provider’s stock worth $397,000 after acquiring an additional 187 shares in the last quarter. Creative Planning lifted its stake in American International Group by 20.6% during the 3rd quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock worth $3,663,000 after acquiring an additional 8,556 shares in the last quarter. NBC Securities Inc. lifted its stake in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 476 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in American International Group by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 10,606 shares of the insurance provider’s stock worth $777,000 after acquiring an additional 298 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in American International Group by 1.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 61,040 shares of the insurance provider’s stock worth $4,470,000 after acquiring an additional 1,020 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Company Profile

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.