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

Key Points

• American International Group, Inc. (NYSE:AIG) received a consensus rating of "Moderate Buy" from analysts, with eight analysts recommending a buy and eight suggesting a hold.
• The average twelve-month price target for AIG among brokerages is $88.19, with some firms setting targets as high as $95.00.
• Recently, AIG announced an increase in its quarterly dividend to $0.45 per share, reflecting an annualized yield of 2.33%.

American International Group, Inc. (NYSE:AIG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $88.19.

Several brokerages have recently weighed in on AIG. Jefferies Financial Group raised their price target on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Wells Fargo & Company increased their price target on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Barclays increased their price target on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley increased their price target 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th.

Insider Activity

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On American International Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. raised its position in shares of American International Group by 1.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock valued at $670,000 after purchasing an additional 122 shares during the period. Miracle Mile Advisors LLC grew its position in shares of American International Group by 1.6% during the first 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 grew its position in shares of 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 in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in American International Group by 2.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider's stock worth $468,000 after purchasing an additional 126 shares in the last quarter. Finally, Monument Capital Management lifted its holdings in American International Group by 3.5% in the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider's stock worth $328,000 after purchasing an additional 129 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Down 0.9%

Shares of AIG stock traded down $0.66 during trading hours on Thursday, hitting $76.97. 4,438,077 shares of the company's stock traded hands, compared to its average volume of 4,598,236. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock's fifty day simple moving average is $83.03 and its two-hundred day simple moving average is $81.01. American International Group has a 12-month low of $69.00 and a 12-month high of $88.07. The stock has a market cap of $44.36 billion, a price-to-earnings ratio of -28.94, a PEG ratio of 0.85 and a beta of 0.63.

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, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. On average, analysts expect that American International Group will post 6.24 EPS for the current year.

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.