American International Group, Inc. (NYSE:AIG) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• American International Group, Inc. has received an average rating of "Moderate Buy" from analysts, with nine holding, nine buying, and two strongly buying recommendations.
• The company's stock price objective among analysts is set at an average of $89.53, with recent ratings adjustments from firms like UBS and Morgan Stanley.
• AIG declared a quarterly dividend of $0.45 per share, resulting in a dividend yield of 2.2% and a payout ratio of 34.09%.

American International Group, Inc. (NYSE:AIG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $89.5333.

AIG has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of American International Group from $85.00 to $84.00 and set an "equal weight" rating for the company in a report on Tuesday, October 7th. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of American International Group in a report on Wednesday, October 8th. UBS Group boosted their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Finally, Cfra Research raised shares of American International Group to a "moderate buy" rating in a report on Monday, August 11th.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Sachetta LLC lifted its holdings in shares of American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after acquiring an additional 249 shares during the period. GFG Capital LLC bought a new stake in shares of American International Group during the 2nd quarter worth approximately $33,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of American International Group during the 2nd quarter worth approximately $32,000. Barrett & Company Inc. bought a new stake in shares of American International Group during the 2nd quarter worth approximately $35,000. Finally, NewSquare Capital LLC lifted its holdings in shares of American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider's stock worth $36,000 after acquiring an additional 154 shares during the period. Institutional investors own 90.60% of the company's stock.

American International Group Stock Up 0.7%

American International Group stock opened at $81.84 on Tuesday. The firm has a market capitalization of $45.34 billion, a PE ratio of 15.50, a P/E/G ratio of 0.86 and a beta of 0.68. The company's 50-day moving average is $79.88 and its 200-day moving average is $81.63. American International Group has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

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

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group's dividend payout ratio is 34.09%.

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.

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