American International Group (NYSE:AIG) Price Target Cut to $87.00 by Analysts at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group cut its price target on AIG to $87 (from $90) while maintaining a buy rating, a level that implies roughly a 14.3% upside from the prior close.
• Overall analyst sentiment is mixed — the consensus rating is Hold with an average target of $87.65 — and AIG recently beat Q4 EPS estimates ($1.96 vs. $1.90) but missed revenue, with the stock trading around $76 and a P/E near 14.

American International Group (NYSE:AIG - Get Free Report) had its price target cut by investment analysts at The Goldman Sachs Group from $90.00 to $87.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has a "buy" rating on the insurance provider's stock. The Goldman Sachs Group's price target would indicate a potential upside of 14.33% from the company's previous close.

A number of other analysts also recently issued reports on the stock. UBS Group lowered their price objective on shares of American International Group from $94.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. TD Cowen raised their target price on shares of American International Group from $86.00 to $90.00 and gave the company a "hold" rating in a research note on Tuesday, December 16th. Piper Sandler cut their target price on shares of American International Group from $95.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, February 12th. Keefe, Bruyette & Woods upped their target price on American International Group from $96.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of American International Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $87.65.

American International Group Price Performance

AIG opened at $76.09 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $40.85 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.58 and a beta of 0.59. The company's 50 day simple moving average is $76.86 and its 200-day simple moving average is $78.22. American International Group has a one year low of $71.25 and a one year high of $87.46.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter in the previous year, the company posted $1.30 EPS. Sell-side analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

Institutional Trading of American International Group

Several large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in American International Group by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider's stock worth $434,000 after purchasing an additional 129 shares during the period. Westwood Holdings Group Inc. boosted its position in shares of American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider's stock worth $396,000 after purchasing an additional 130 shares in the last quarter. First Bank & Trust boosted its position in shares of American International Group by 2.2% during the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider's stock worth $475,000 after purchasing an additional 131 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of American International Group by 17.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider's stock valued at $68,000 after buying an additional 131 shares during the period. Finally, Howard Capital Management Inc. increased its position in American International Group by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider's stock valued at $370,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds 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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