American International Group (NYSE:AIG) Receives Buy (B) Rating from Weiss Ratings

Key Points

• American International Group (AIG) received a "buy (B)" rating from Weiss Ratings, reaffirming positive investor sentiment towards the stock.
• Despite some fluctuations in ratings, including a "strong-buy" from William Blair and a recent target price increase by Goldman Sachs, the consensus rating remains a "Moderate Buy" with a target price of $88.94.
• The company's stock has shown a twelve month high of $88.07 and the latest earnings report revealed an EPS of $1.81, surpassing analyst expectations.

American International Group (NYSE:AIG - Get Free Report)'s stock had its "buy (b)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on the stock. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a report on Tuesday, August 12th. Keefe, Bruyette & Woods dropped their target price on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. The Goldman Sachs Group increased their target price on shares of American International Group from $85.00 to $86.00 and gave the company a "neutral" rating in a report on Monday. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, William Blair raised shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.94.

American International Group Stock Performance

NYSE:AIG traded up $0.24 during mid-day trading on Wednesday, reaching $84.29. The stock had a trading volume of 1,095,732 shares, compared to its average volume of 4,547,027. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $46.69 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 0.89 and a beta of 0.68. American International Group has a twelve month low of $69.24 and a twelve month high of $88.07. The business has a 50 day simple moving average of $79.48 and a 200 day simple moving average of $81.69.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the firm earned $1.16 earnings per share. On average, analysts expect that American International Group will post 6.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American International Group

A number of institutional investors have recently added to or reduced their stakes in the company. Oak Thistle LLC lifted its holdings in American International Group by 117.4% in the 3rd quarter. Oak Thistle LLC now owns 24,631 shares of the insurance provider's stock worth $1,935,000 after buying an additional 13,303 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in American International Group by 187.4% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 15,711 shares of the insurance provider's stock worth $1,234,000 after buying an additional 10,245 shares in the last quarter. National Wealth Management Group LLC acquired a new position in American International Group in the 2nd quarter worth $614,000. Valeo Financial Advisors LLC lifted its holdings in American International Group by 6.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 13,099 shares of the insurance provider's stock worth $1,121,000 after buying an additional 794 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new position in American International Group in the 2nd quarter worth $227,000. Institutional investors and hedge funds own 90.60% of the company's stock.

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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