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

Key Points

• The Goldman Sachs Group raised its price target for American International Group (NYSE:AIG) from $85.00 to $86.00, indicating a potential upside of 5.31% from the current stock price.
• Consensus ratings from analysts show AIG with a "Moderate Buy" status, supported by upgrades from several firms, including a recent upgrade to "strong-buy" from William Blair.
• American International Group reported better-than-expected quarterly earnings of $1.81 per share, exceeding analysts' estimates by $0.21, despite revenue slightly below expectations at $6.77 billion.

American International Group (NYSE:AIG - Get Free Report) had its price target raised by stock analysts at The Goldman Sachs Group from $85.00 to $86.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has a "neutral" rating on the insurance provider's stock. The Goldman Sachs Group's price objective suggests a potential upside of 5.31% from the company's current price.

AIG has been the topic of a number of other research reports. Cfra Research upgraded shares of American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Piper Sandler decreased their target price on shares of American International Group from $96.00 to $88.00 and set an "overweight" rating on the stock in a research note on Thursday. Wall Street Zen upgraded shares of American International Group from a "hold" rating to a "buy" rating in a research note on Friday. William Blair upgraded shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.25.

American International Group Stock Performance

AIG opened at $81.66 on Monday. 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 has a market cap of $45.24 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.87 and a beta of 0.68. The company's 50 day moving average is $79.30 and its 200 day moving average is $81.67. American International Group has a 12-month low of $69.24 and a 12-month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion for 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 posted $1.16 earnings per share. On average, equities research analysts predict that American International Group will post 6.24 EPS for the current year.

Institutional Investors Weigh In On American International Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Aaron Wealth Advisors LLC raised its position in shares of American International Group by 187.4% during the third quarter. Aaron Wealth Advisors LLC now owns 15,711 shares of the insurance provider's stock valued at $1,234,000 after buying an additional 10,245 shares during the last quarter. National Wealth Management Group LLC purchased a new position in shares of American International Group in the second quarter valued at $614,000. Valeo Financial Advisors LLC grew its holdings in shares of American International Group by 6.5% in the second quarter. Valeo Financial Advisors LLC now owns 13,099 shares of the insurance provider's stock valued at $1,121,000 after purchasing an additional 794 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of American International Group in the second quarter valued at $227,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of American International Group in the second quarter valued at $544,000. Institutional investors own 90.60% of the company's stock.

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.

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