American International Group (NYSE:AIG) Stock Price Expected to Rise, Barclays Analyst Says

American International Group (NYSE:AIG - Free Report) had its price objective upped by Barclays from $92.00 to $93.00 in a report issued on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the insurance provider's stock.

A number of other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Jefferies Financial Group increased their price target on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group upped their price objective on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.71.

American International Group Stock Performance

American International Group stock traded down $0.64 during midday trading on Friday, reaching $83.02. 2,595,720 shares of the stock traded hands, compared to its average volume of 4,451,697. The firm has a fifty day moving average price of $82.13 and a two-hundred day moving average price of $77.35. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $49.44 billion, a price-to-earnings ratio of -39.91, a PEG ratio of 1.01 and a beta of 0.69. American International Group has a fifty-two week low of $69.00 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results 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 negative net margin of 4.25% and a positive return on equity of 8.01%. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period last year, the company posted $1.25 earnings per share. On average, equities research analysts forecast that American International Group will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. American International Group's dividend payout ratio (DPR) is -67.67%.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American International Group

A number of institutional investors have recently bought and sold shares of AIG. Barclays PLC increased its position in shares of American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock valued at $201,286,000 after purchasing an additional 544,110 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of American International Group in the third quarter valued at about $1,005,000. Synovus Financial Corp grew its holdings in American International Group by 6.5% in the third quarter. Synovus Financial Corp now owns 42,684 shares of the insurance provider's stock valued at $3,126,000 after purchasing an additional 2,603 shares during the last quarter. Franklin Resources Inc. raised its position in shares of American International Group by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock worth $713,272,000 after purchasing an additional 457,821 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of American International Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider's stock worth $53,785,000 after purchasing an additional 9,118 shares during the last quarter. 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.