American International Group, Inc. (NYSE:AIG) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of American International Group, Inc. (NYSE:AIG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $88.12.

Several analysts have commented on AIG shares. BMO Capital Markets lifted their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Evercore ISI boosted their target price on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group boosted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, Morgan Stanley upped their price objective on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th.

American International Group Price Performance

AIG traded down $0.13 during trading on Friday, hitting $83.07. 1,292,565 shares of the company traded hands, compared to its average volume of 4,364,345. American International Group has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock's 50-day simple moving average is $83.81 and its two-hundred day simple moving average is $80.11. The company has a market cap of $47.88 billion, a PE ratio of -31.23, a P/E/G ratio of 0.91 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter last year, the business posted $1.25 EPS. As a group, sell-side analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's payout ratio is -67.67%.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the sale, the executive vice president directly owned 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On American International Group

Hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new stake in shares of American International Group in the fourth quarter worth $29,000. Sachetta LLC increased its position in shares of American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 249 shares during the last quarter. Hemington Wealth Management increased its position in shares of American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 142 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of American International Group in the first quarter valued at approximately $47,000. Finally, WPG Advisers LLC acquired a new position in American International Group during the 1st quarter worth approximately $47,000. 90.60% of the stock is currently 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.