American International Group (NYSE:AIG) Downgraded by Wall Street Zen to "Hold"

Key Points

• American International Group (NYSE:AIG) has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting a shift in analyst sentiment toward the stock.
• Despite the downgrade, AIG has received a mixed bag of ratings from various analysts, with two giving a Strong Buy, seven a Buy, and ten a Hold rating, indicating a consensus of "Moderate Buy."
• The company's recent earnings report revealed an EPS of $1.81, which surpassed the consensus estimate of $1.60, but its revenue of $6.77 billion fell short of the anticipated $6.81 billion.

American International Group (NYSE:AIG - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. Cfra Research upgraded shares of American International Group to a "moderate buy" rating in a report on Monday, August 11th. Wolfe Research initiated coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald upgraded shares of American International Group to a "hold" rating in a research report on Tuesday, August 12th. William Blair upgraded shares of American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.27.

American International Group Trading Down 0.5%

Shares of AIG stock opened at $76.59 on Tuesday. American International Group has a 12-month low of $69.24 and a 12-month high of $88.07. 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 firm's 50 day moving average is $79.67 and its 200 day moving average is $81.93. The stock has a market capitalization of $42.43 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.82 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.81 billion. During the same quarter last year, the company posted $1.16 earnings per share. Research analysts expect that American International Group will post 6.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AIG. Ameriflex Group Inc. acquired a new position in American International Group during the 4th quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of American International Group in the second quarter worth $32,000. Sachetta LLC increased its stake in shares of American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after acquiring an additional 249 shares during the period. GFG Capital LLC acquired a new stake in shares of American International Group in the second quarter worth $33,000. Finally, Barrett & Company Inc. acquired a new stake in shares of American International Group in the second quarter worth $35,000. Institutional investors and hedge funds own 90.60% of the company's stock.

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.

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