American International Group (NYSE:AIG) Rating Increased to Hold at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has upgraded American International Group (NYSE:AIG) to a "hold" rating, reflecting a cautious outlook after analyzing recent performance.
• Various analysts have adjusted their price targets for AIG, with Morgan Stanley raising their target to $85.00 and Cfra Research issuing a "moderate buy" rating.
• American International Group reported an EPS of $1.81 for the last quarter, exceeding expectations, and has an average target price of $88.27 according to MarketBeat.com.

American International Group (NYSE:AIG - Get Free Report) was upgraded by Cantor Fitzgerald to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley upped their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods decreased their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a report on Tuesday. Barclays raised their target price on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Cfra Research raised American International Group to a "moderate buy" rating in a research note on Monday. Finally, Wells Fargo & Company increased their target price on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.27.

American International Group Price Performance

Shares of NYSE:AIG opened at $79.91 on Tuesday. American International Group has a one year low of $69.24 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $44.27 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.85 and a beta of 0.63. The firm has a 50 day simple moving average of $82.05 and a 200 day simple moving average of $81.25.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations 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 earned $1.16 EPS. Research 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after buying an additional 115,706 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock worth $1,445,000 after buying an additional 355 shares during the period. IFP Advisors Inc boosted its holdings in American International Group by 34.9% in the first quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock worth $251,000 after acquiring an additional 745 shares in the last quarter. GAMMA Investing LLC grew its stake in American International Group by 18.6% in the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after acquiring an additional 2,069 shares during the period. Finally, Brighton Jones LLC acquired a new stake in American International Group in the fourth quarter valued at approximately $1,091,000. 90.60% of the stock is owned by institutional investors.

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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