American International Group (NYSE:AIG) Price Target Raised to $81.00

American International Group (NYSE:AIG - Get Free Report) had its price objective upped by stock analysts at Morgan Stanley from $80.00 to $81.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's price objective points to a potential downside of 1.69% from the company's previous close.

A number of other research analysts also recently commented on AIG. UBS Group cut their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price objective 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. The Goldman Sachs Group upped their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Jefferies Financial Group lifted 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. Finally, HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, American International Group presently has an average rating of "Moderate Buy" and a consensus price target of $87.88.

American International Group Trading Up 0.7 %

AIG stock traded up $0.57 during trading on Tuesday, hitting $82.39. The company had a trading volume of 4,926,035 shares, compared to its average volume of 4,452,574. American International Group has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a 50 day simple moving average of $82.30 and a 200-day simple moving average of $77.51. The firm has a market capitalization of $47.48 billion, a P/E ratio of -39.61, a PEG ratio of 1.01 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period last year, the business posted $1.25 EPS. As a group, research analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Institutional Trading of American International Group

A number of hedge funds have recently added to or reduced their stakes in the company. Artemis Investment Management LLP lifted its position in shares of American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its position in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after acquiring an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after acquiring an additional 4,468 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group during the fourth quarter worth approximately $1,260,000. Finally, Williams & Novak LLC purchased a new position in American International Group during the fourth quarter worth about $279,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

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.