American International Group (NYSE:AIG) Price Target Cut to $84.00 by Analysts at Mizuho

Key Points

• Mizuho cut its price objective on AIG to $84.00 (from $86.00) and kept a "neutral" rating, a target that implies about an 8.63% upside from the current share price.
• Analyst sentiment is mixed: MarketBeat's consensus is a "Hold" with a $87.47 consensus target, based on 1 Strong Buy, 7 Buy and 12 Hold ratings.
• AIG recently reported $1.96 EPS (beating estimates) but revenue of $6.55B (missing estimates); shares traded near $77.33, with a market cap of ~$41.5B and a P/E of ~14.3.

American International Group (NYSE:AIG - Get Free Report) had its price objective cut by analysts at Mizuho from $86.00 to $84.00 in a report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the insurance provider's stock. Mizuho's target price points to a potential upside of 8.63% from the stock's current price.

A number of other equities research analysts have also commented on AIG. Wells Fargo & Company decreased their price objective on shares of American International Group from $87.00 to $86.00 and set an "equal weight" rating on the stock in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $96.00 to $97.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. Jefferies Financial Group increased their price objective on shares of American International Group from $96.00 to $101.00 and gave the stock a "buy" rating in a report on Tuesday, December 16th. Barclays decreased their price objective on shares of American International Group from $79.00 to $78.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of American International Group from $90.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $87.47.

American International Group Price Performance

Shares of American International Group stock traded up $0.46 during mid-day trading on Monday, reaching $77.33. 689,585 shares of the stock were exchanged, compared to its average volume of 4,541,481. The company has a market cap of $41.52 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $77.05 and a 200 day simple moving average of $78.23. American International Group has a fifty-two week low of $71.25 and a fifty-two week high of $87.46.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. On average, sell-side analysts predict that American International Group will post 6.24 EPS 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 stock. Westfuller Advisors LLC bought a new stake in American International Group in the 3rd quarter valued at $26,000. Modus Advisors LLC bought a new stake in American International Group in the 4th quarter valued at $27,000. Atlantic Union Bankshares Corp lifted its position in American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider's stock valued at $28,000 after acquiring an additional 355 shares in the last quarter. Navalign LLC bought a new stake in American International Group in the 4th quarter valued at $29,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in American International Group in the 4th quarter valued at $29,000. Institutional investors own 90.60% of the company's stock.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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