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

American International Group, Inc. (NYSE:AIG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $88.12.

Several equities analysts recently commented on AIG shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 target price (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Evercore ISI increased their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods increased their target price on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. BMO Capital Markets increased their target price on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. Finally, Morgan Stanley increased their target price on 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 Stock Down 0.2%

Shares of American International Group stock traded down $0.15 during trading hours on Friday, reaching $83.05. 2,852,239 shares of the company were exchanged, compared to its average volume of 4,368,790. American International Group has a 1 year low of $69.00 and a 1 year high of $88.07. The stock's fifty day moving average is $83.84 and its 200 day moving average is $80.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $47.86 billion, a PE ratio of -31.22, a PEG ratio of 0.91 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. During the same quarter in the prior year, the company posted $1.25 earnings per share. As a group, equities research analysts forecast that American International Group will post 6.24 earnings per share for the current 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 issued a $0.45 dividend. The ex-dividend date was Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. American International Group's dividend payout ratio (DPR) is -67.67%.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president directly owned 21,400 shares of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of American International Group

A number of hedge funds have recently bought and sold shares of AIG. Ameriflex Group Inc. acquired a new stake in American International Group during the fourth quarter worth approximately $29,000. Sachetta LLC boosted its position in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after acquiring an additional 249 shares during the last quarter. Hemington Wealth Management boosted its holdings in shares of American International Group by 42.8% in the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 142 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of American International Group in the 1st quarter valued at $47,000. Finally, WPG Advisers LLC acquired a new position in shares of American International Group in the 1st quarter valued at $47,000. Institutional investors and hedge funds own 90.60% of the company's stock.

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.