American International Group, Inc. (NYSE: AIG) Receives an Average Hold Rating from Analysts

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Shares of American International Group, Inc. (NYSE:AIG – Get Rating) have been assigned a consensus recommendation of “Hold” from the twelve research firms that currently cover the stock, reports MarketBeat.com. Eight research analysts rated the stock with a hold recommendation, two gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $63.33.

A number of research companies have recently commented on AIG. Barclays raised its price target on American International Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Wolfe Research downgraded American International Group from an “outperform” rating to a “market performer” rating and set a price target of $65.00 for the stock. in a research report on Thursday, February 10. StockNews.com launched coverage on American International Group in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, Wells Fargo & Company reduced its price target on American International Group from $59.00 to $58.00 and set an “equal weight” rating on the stock in a Tuesday, January 4 research report.

Shares of AIG traded up $0.05 midday on Monday, hitting $63.03. The company had a trading volume of 4,399,890 shares, compared to its average volume of 3,911,588. American International Group has a 12-month low of $44.54 and a 12-month high of 64, $90. The company has a debt ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The company’s 50-day moving average is $61.10 and its 200-day moving average is $58.83. The company has a market capitalization of $50.82 billion, a P/E ratio of 5.83, a P/E/G ratio of 1.18 and a beta of 1.28.

American International Group (NYSE:AIG – Get Rating) last released its results on Wednesday, February 16. The insurance provider reported earnings per share (EPS) of $1.58 for the quarter, beating the Zacks consensus estimate of $1.14 by $0.44. The company posted revenue of $13.69 billion in the quarter, compared to $11.51 billion expected by analysts. American International Group achieved a return on equity of 6.74% and a net margin of 18.03%. During the same period a year earlier, the company posted EPS of $0.94. As a group, stock analysts expect American International Group to post EPS of 5.32 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 17 received a dividend of $0.32. The ex-dividend date was Wednesday, March 16. This represents an annualized dividend of $1.28 and a dividend yield of 2.03%. American International Group’s dividend payout ratio is currently 11.83%.

Major investors have recently been buying and selling shares of the company. Equitec Proprietary Markets LLC bought a new stock position in American International Group in Q4 for $27,000. Clearstead Advisors LLC bought a new stock position in American International Group in Q4 for $29,000. SouthState Corp acquired a new stake in American International Group during Q3 for $32,000. Herold Advisors Inc. acquired a new stake in American International Group during Q3 for $35,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in American International Group by 138.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 657 shares of the insurance provider worth $37,000 after buying 382 additional shares during the period. Institutional investors and hedge funds own 90.30% of the company’s shares.

American International Group Company Profile (Get a rating)

American International Group, Inc. provides insurance products for commercial, institutional and individual clients in North America and abroad. The Company’s General Insurance segment offers general liability, environmental, commercial auto, workers’ compensation, accident and crisis management insurance products; commercial, industrial and energy property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop and marine insurance.

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