American International Group, Inc. (NYSE:AIG) Receives $88.27 Consensus Price Target from Brokerages

Key Points

• American International Group, Inc. (NYSE:AIG) has received an average rating of "Moderate Buy" from analysts, with ten holding the stock, seven recommending a buy, and two issuing a strong buy rating.
• The company reported $1.81 earnings per share for its last quarter, surpassing analysts' expectations of $1.60, while revenues slightly missed estimates at $6.77 billion.
• AIG has declared a quarterly dividend of $0.45 per share, anticipated to be paid on September 30th, reflecting a 2.3% dividend yield.

American International Group, Inc. (NYSE:AIG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $88.2667.

AIG has been the topic of several research analyst reports. Cfra Research upgraded American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods dropped their price target on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. William Blair upgraded American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Wall Street Zen upgraded American International Group from a "hold" rating to a "buy" rating in a research note on Monday, September 15th. Finally, Cantor Fitzgerald upgraded American International Group to a "hold" rating in a research note on Tuesday, August 12th.

American International Group Price Performance

NYSE AIG traded down $1.06 during trading on Friday, hitting $76.97. 13,509,145 shares of the stock traded hands, compared to its average volume of 4,383,775. The company has a market capitalization of $42.64 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.83 and a beta of 0.70. American International Group has a 12-month low of $69.24 and a 12-month high of $88.07. The firm has a 50-day simple moving average of $79.77 and a 200-day simple moving average of $81.96. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period in the previous year, the company posted $1.16 EPS. As a group, analysts predict that American International Group will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's payout ratio is 34.09%.

Institutional Investors Weigh In On American International Group

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in American International Group in the fourth quarter worth approximately $1,091,000. State of Wyoming acquired a new stake in shares of American International Group in the fourth quarter valued at $349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of American International Group by 12.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,813,138 shares of the insurance provider's stock valued at $350,396,000 after acquiring an additional 519,715 shares in the last quarter. DCM Advisors LLC raised its stake in shares of American International Group by 5.5% in the fourth quarter. DCM Advisors LLC now owns 112,469 shares of the insurance provider's stock valued at $8,188,000 after acquiring an additional 5,847 shares in the last quarter. Finally, City National Bank of Florida MSD acquired a new stake in shares of American International Group in the fourth quarter valued at $298,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

About American International Group

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.