American International Group (NYSE:AIG) Upgraded to "Moderate Buy" at Cfra Research

Key Points

• Analysts at Cfra Research upgraded American International Group (NYSE:AIG) to a "moderate buy" rating, reflecting increased confidence in the company's performance.
• American International Group reported earnings of $1.81 per share for the last quarter, surpassing analysts' expectations of $1.60 per share.
• Institutional investors hold approximately 90.60% of American International Group's stock, indicating strong institutional support for the company.

American International Group (NYSE:AIG - Get Free Report) was upgraded by research analysts at Cfra Research to a "moderate buy" rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Barclays raised their target price on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. William Blair raised American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods reduced their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research report on Tuesday. Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company raised their price objective on 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, American International Group currently has an average rating of "Moderate Buy" and a consensus target price of $88.27.

American International Group Trading Down 0.2%

NYSE AIG traded down $0.20 on Monday, hitting $80.11. The company's stock had a trading volume of 3,437,812 shares, compared to its average volume of 4,299,072. American International Group has a 52-week low of $69.24 and a 52-week 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 company's 50-day simple moving average is $81.80 and its 200 day simple moving average is $81.32. The firm has a market cap of $44.38 billion, a P/E ratio of 15.17, a PEG ratio of 0.86 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last released its 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 quarter last year, the business posted $1.16 EPS. Research analysts predict that American International Group will post 6.24 EPS for the current fiscal year.

Institutional Investors Weigh In On American International Group

A number of institutional investors have recently modified their holdings of AIG. Evergreen Capital Management LLC raised its position in American International Group by 1.5% in the second quarter. Evergreen Capital Management LLC now owns 42,576 shares of the insurance provider's stock valued at $3,644,000 after purchasing an additional 636 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in American International Group by 4.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 900,303 shares of the insurance provider's stock valued at $77,124,000 after buying an additional 36,872 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in American International Group by 150.0% in the second quarter. Tower Research Capital LLC TRC now owns 35,312 shares of the insurance provider's stock valued at $3,022,000 after buying an additional 21,188 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in American International Group in the second quarter valued at $146,000. Finally, DCM Advisors LLC boosted its stake in American International Group by 7.2% in the second quarter. DCM Advisors LLC now owns 114,250 shares of the insurance provider's stock valued at $9,779,000 after acquiring an additional 7,628 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.