American International Group, Inc. (NYSE:AIG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of American International Group, Inc. (NYSE:AIG) have been given an average recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $86.00.

AIG has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. UBS Group reduced their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th.

American International Group Trading Down 0.3 %

NYSE:AIG opened at $86.69 on Friday. American International Group has a one year low of $69.00 and a one year high of $87.51. The company’s 50-day simple moving average is $79.00 and its 200 day simple moving average is $76.15. The firm has a market capitalization of $51.43 billion, a P/E ratio of -41.68, a PEG ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts forecast that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in American International Group by 62.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider’s stock valued at $4,812,000 after purchasing an additional 25,458 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of American International Group by 0.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock valued at $1,437,000 after buying an additional 169 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in American International Group in the 4th quarter worth $28,113,000. Integrated Advisors Network LLC boosted its holdings in American International Group by 1.0% in the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after buying an additional 161 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in American International Group in the 4th quarter worth $29,000. 90.60% of the stock is currently owned by 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.