American International Group, Inc. (NYSE:AIG) Receives $88.12 Consensus Target Price from Brokerages

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

Several analysts recently commented on the company. Morgan Stanley raised their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. The Goldman Sachs Group upped their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Wells Fargo & Company lifted their price target on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group upped their price objective on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th.

Insider Buying and Selling

In other news, EVP Christopher Flatt sold 46,182 shares of the 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 transaction, the executive vice president directly owned 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Associates Ltd. increased its position in American International Group by 1.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock worth $670,000 after buying an additional 122 shares during the period. Miracle Mile Advisors LLC grew its holdings in shares of American International Group by 1.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock worth $704,000 after purchasing an additional 124 shares in the last quarter. Western Pacific Wealth Management LP lifted its position in American International Group by 2.3% during the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock worth $493,000 after purchasing an additional 125 shares during the period. Montag A & Associates Inc. increased its holdings in American International Group by 0.7% in the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock valued at $1,546,000 after buying an additional 130 shares during the period. Finally, Carnegie Investment Counsel raised its position in shares of American International Group by 3.1% in the 1st quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock valued at $375,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Trading Down 0.3%

AIG traded down $0.25 during midday trading on Friday, reaching $82.93. 4,335,115 shares of the company were exchanged, compared to its average volume of 4,379,879. The stock has a market capitalization of $47.80 billion, a P/E ratio of -31.18, a PEG ratio of 0.91 and a beta of 0.63. American International Group has a one year low of $69.00 and a one year high of $88.07. The stock's 50-day simple moving average is $83.77 and its 200 day simple moving average is $80.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same quarter last year, the firm earned $1.25 EPS. As a group, analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

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

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.