American International Group (NYSE:AIG) Given New $91.00 Price Target at Deutsche Bank Aktiengesellschaft

American International Group (NYSE:AIG) had its price target lifted by Deutsche Bank Aktiengesellschaft to $91.00 in a research report sent to investors on Wednesday,Stock Target Advisor reports. They currently have a buy rating on the insurance provider’s stock.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Evercore ISI raised their price target on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.76.

American International Group Price Performance

NYSE AIG opened at $87.77 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a market cap of $52.08 billion, a PE ratio of -42.20, a PEG ratio of 1.01 and a beta of 0.98. The stock’s 50-day moving average price is $79.26 and its two-hundred day moving average price is $76.23.

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

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s payout ratio is presently -76.92%.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of American International Group

Several institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors grew its stake in shares of American International Group by 5.8% in the 3rd quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider’s stock valued at $3,289,000 after purchasing an additional 2,469 shares during the period. Edgestream Partners L.P. bought a new stake in American International Group in the third quarter valued at $295,000. Benjamin Edwards Inc. acquired a new position in American International Group during the third quarter worth $293,000. Hilltop Holdings Inc. bought a new position in shares of American International Group during the third quarter valued at $230,000. Finally, HighTower Advisors LLC boosted its stake in shares of American International Group by 25.8% in the 3rd quarter. HighTower Advisors LLC now owns 92,879 shares of the insurance provider’s stock valued at $6,807,000 after purchasing an additional 19,074 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.