American International Group (NYSE:AIG) Rating Increased to Buy at Wall Street Zen

Key Points

• American International Group (AIG) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive shift in analyst sentiment.
• The company reported earnings per share of $1.81 for the last quarter, outperforming estimates by $0.21.
• AIG maintains a consensus rating of "Moderate Buy" with a price target of $88.27, reflecting optimism among analysts regarding its stock performance.

Wall Street Zen upgraded shares of American International Group (NYSE:AIG - Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday.

Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods dropped their price target on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Cantor Fitzgerald upgraded American International Group to a "hold" rating in a research report on Tuesday, August 12th. Cfra Research upgraded American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Morgan Stanley lifted their price target on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, William Blair upgraded American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.27.

American International Group Price Performance

NYSE AIG traded down $1.06 during trading hours on Monday, hitting $76.97. The company had a trading volume of 13,509,145 shares, compared to its average volume of 4,383,775. American International Group has a 52 week low of $69.24 and a 52 week high of $88.07. The firm has a 50 day simple moving average of $79.77 and a 200 day simple moving average of $81.96. 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 $42.64 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.83 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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 company earned $1.16 EPS. Equities research analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is currently 34.09%.

Hedge Funds Weigh In On American International Group

A number of large investors have recently bought and sold shares of AIG. Ameriflex Group Inc. purchased a new position in American International Group in the 4th quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group in the 2nd quarter worth approximately $32,000. Sachetta LLC increased its stake in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after purchasing an additional 249 shares during the period. GFG Capital LLC purchased a new position in American International Group in the 2nd quarter worth approximately $33,000. Finally, Barrett & Company Inc. purchased a new position in American International Group in the 2nd quarter worth approximately $35,000. 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.