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

Shares of American International Group, Inc. (NYSE:AIG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $88.12.

Several analysts have issued reports on AIG shares. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. The Goldman Sachs Group raised their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Jefferies Financial Group boosted their price objective on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, BMO Capital Markets lifted their target price 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.

Insider Activity

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction dated 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 now owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by insiders.

Institutional Trading of American International Group

Large investors have recently added to or reduced their stakes in the business. GQG Partners LLC boosted its stake in shares of American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock worth $1,643,995,000 after acquiring an additional 18,852,949 shares in the last quarter. Norges Bank purchased a new stake in shares of American International Group during the fourth quarter valued at $718,013,000. Nuveen LLC acquired a new position in shares of American International Group in the 1st quarter valued at $440,273,000. AQR Capital Management LLC increased its stake in American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock worth $287,214,000 after purchasing an additional 2,162,545 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in American International Group by 151.6% during the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider's stock worth $285,682,000 after buying an additional 1,980,001 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Down 0.0%

Shares of AIG stock traded down $0.02 on Wednesday, hitting $84.31. The stock had a trading volume of 3,499,765 shares, compared to its average volume of 4,414,916. The stock's 50 day moving average is $82.42 and its 200-day moving average is $78.70. The firm has a market capitalization of $48.59 billion, a price-to-earnings ratio of -40.53, a P/E/G ratio of 1.01 and a beta of 0.64. American International Group has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last released 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 company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same period in the prior year, the business posted $1.25 EPS. As a group, research analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.45 per share. This is a positive change 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 2.14%. The ex-dividend date is Friday, June 13th. American International Group's dividend payout ratio (DPR) is presently -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.