American International Group (NYSE:AIG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods raised AIG’s price target from $95 to $96 and maintained an “outperform” rating, implying roughly 24% upside from the prior close.
• Analyst sentiment remains mixed: AIG has seven Buy ratings and twelve Hold ratings, with a consensus rating of “Hold” and an average price target of $88.44.
• AIG beat quarterly EPS expectations, reporting $2.00 versus the $1.92 consensus estimate, though revenue of $7.08 billion fell short of the $7.25 billion forecast. Institutional investors own approximately 90.6% of the company.

American International Group (NYSE:AIG - Get Free Report) had its price target boosted by investment analysts at Keefe, Bruyette & Woods from $95.00 to $96.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 24.01% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Piper Sandler raised their price target on American International Group from $80.00 to $84.00 and gave the stock a "neutral" rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Cantor Fitzgerald raised shares of American International Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $85.00 to $92.00 in a research report on Thursday, July 9th. HSBC lowered their target price on shares of American International Group from $94.00 to $88.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Finally, Wells Fargo & Company cut their price target on shares of American International Group from $89.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $88.44.

American International Group Stock Down 1.7%

American International Group stock opened at $77.41 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $41.04 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.72 and a beta of 0.52. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29. The business has a fifty day moving average price of $77.36 and a 200-day moving average price of $76.80.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.03% and a net margin of 11.13%.The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the business earned $1.81 EPS. Equities research analysts forecast that American International Group will post 7.99 EPS for the current fiscal year.

Hedge Funds Weigh In On American International Group

A number of institutional investors have recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in American International Group during the fourth quarter valued at approximately $1,091,000. Sivia Capital Partners LLC lifted its stake in shares of American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider's stock valued at $432,000 after purchasing an additional 1,185 shares during the period. Flow Traders U.S. LLC purchased a new stake in American International Group during the second quarter worth $217,000. Ieq Capital LLC grew its position in American International Group by 11.5% during the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider's stock valued at $20,958,000 after buying an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC purchased a new position in American International Group in the second quarter valued at $269,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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