American International Group (NYSE:AIG) Coverage Initiated at Wolfe Research

Key Points

• Wolfe Research has initiated coverage of American International Group (AIG) with a "peer perform" rating.
• Multiple analysts have recently upgraded AIG's stock rating, with current ratings including two "Strong Buy," seven "Buy," and ten "Hold" ratings.
• AIG reported earnings of $1.81 per share for the last quarter, surpassing analyst expectations of $1.60, though it fell short of revenue estimates.

Stock analysts at Wolfe Research started coverage on shares of American International Group (NYSE:AIG - Get Free Report) in a research report issued on Tuesday, Marketbeat reports. The firm set a "peer perform" rating on the insurance provider's stock.

Several other equities research analysts have also issued reports on AIG. Cfra Research raised American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Cantor Fitzgerald upgraded American International Group to a "hold" rating in a report on Tuesday, August 12th. William Blair raised American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Morgan Stanley lifted their price target on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded American International Group from a "hold" rating to a "buy" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, American International Group has an average rating of "Moderate Buy" and an average price target of $88.27.

American International Group Trading Down 2.4%

American International Group stock opened at $77.01 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $80.22 and its two-hundred day simple moving average is $82.09. American International Group has a 12 month low of $69.24 and a 12 month high of $88.07. The company has a market capitalization of $42.66 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.84 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the prior year, the company posted $1.16 earnings per share. As a group, equities analysts predict that American International Group will post 6.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American International Group

Several large investors have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of American International Group during the fourth quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in American International Group in the 2nd quarter worth approximately $32,000. Sachetta LLC boosted 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. GFG Capital LLC acquired a new position in American International Group in the 2nd quarter worth approximately $33,000. Finally, Barrett & Company Inc. purchased a new stake in shares of American International Group during the second quarter worth $35,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Company Profile

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.

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