American International Group, Inc. (NYSE:AIG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of American International Group, Inc. (NYSE:AIG) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $84.13.

AIG has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price target 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. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods lowered their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th.

American International Group Price Performance

AIG stock opened at $76.89 on Thursday. American International Group has a 52-week low of $68.04 and a 52-week high of $80.83. The business has a fifty day moving average of $73.44 and a two-hundred day moving average of $74.46. The stock has a market cap of $47.96 billion, a price-to-earnings ratio of -22.68, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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%. As a group, research analysts anticipate that American International Group will post 4.89 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Institutional Trading of American International Group

A number of institutional investors have recently bought and sold shares of the business. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group during the 4th quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new position in American International Group in the third quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in American International Group during the fourth quarter worth approximately $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the 3rd quarter worth approximately $29,000. Finally, BankPlus Trust Department acquired a new position in shares of American International Group in the 4th quarter valued at $36,000. 90.60% of the stock is 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.