Analysts Set American International Group, Inc. (NYSE:AIG) PT at $88.12

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

Several equities research analysts have recently issued reports on AIG shares. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised their price target on American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. BMO Capital Markets boosted their price objective on 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. Finally, Morgan Stanley increased their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th.

American International Group Stock Performance

Shares of AIG stock traded down $1.28 during trading hours on Wednesday, hitting $84.52. 3,429,725 shares of the company were exchanged, compared to its average volume of 4,414,950. The firm has a fifty day simple moving average of $82.83 and a 200 day simple moving average of $78.87. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 52-week low of $69.00 and a 52-week high of $88.07. The stock has a market capitalization of $48.71 billion, a price-to-earnings ratio of -40.63, a P/E/G ratio of 1.01 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. 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. Research analysts predict that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. American International Group's payout ratio is presently -67.67%.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 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 through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American International Group

A number of large investors have recently bought and sold shares of the stock. Duncker Streett & Co. Inc. purchased a new position in American International Group in the 4th quarter worth approximately $25,000. Asset Planning Inc purchased a new position in American International Group in the 4th quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in American International Group in the 4th quarter worth approximately $29,000. Sachetta LLC increased its stake in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after purchasing an additional 249 shares during the period. Finally, BankPlus Trust Department purchased a new position in American International Group in the 4th quarter worth approximately $36,000. 90.60% of the stock is 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.