American International Group's (AIG) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• American International Group (AIG) has had its "Buy (B)" rating reaffirmed by Weiss Ratings, indicating positive sentiment among analysts.
• The company reported earnings per share (EPS) of $1.81 for the last quarter, exceeding the analysts' expectations of $1.60.
• AIG's current stock price stands at $78.97, with a consensus price target of $89.81 and a market cap of $43.75 billion.

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

AIG has been the subject of a number of other research reports. Citigroup assumed coverage on shares of American International Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price objective for the company. Morgan Stanley cut their price objective on shares of American International Group from $85.00 to $84.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. increased their price target on shares of American International Group from $95.00 to $97.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Wolfe Research started coverage on shares of American International Group in a research report on Tuesday, September 16th. They set a "peer perform" rating for the company. Finally, Piper Sandler dropped their price target on shares of American International Group from $96.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

American International Group Trading Up 0.2%

Shares of American International Group stock traded up $0.12 during trading on Friday, reaching $78.97. The company's stock had a trading volume of 1,428,219 shares, compared to its average volume of 4,538,182. American International Group has a 52-week low of $69.24 and a 52-week high of $88.07. The company has a market cap of $43.75 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 0.78 and a beta of 0.68. The firm's 50-day moving average is $79.93 and its two-hundred day moving average is $81.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. During the same quarter in the prior year, the company earned $1.16 EPS. On average, sell-side analysts anticipate that American International Group will post 6.24 earnings per share for the current year.

Institutional Trading of American International Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC increased its stake in American International Group by 3.3% during the 3rd quarter. Opal Wealth Advisors LLC now owns 8,223 shares of the insurance provider's stock valued at $646,000 after purchasing an additional 261 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of American International Group in the third quarter worth approximately $204,000. Phillips Financial Management LLC bought a new stake in shares of American International Group in the third quarter worth approximately $241,000. Oregon Public Employees Retirement Fund grew its stake in shares of American International Group by 27.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 63,278 shares of the insurance provider's stock worth $4,970,000 after acquiring an additional 13,525 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of American International Group by 0.3% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 610,303 shares of the insurance provider's stock worth $47,933,000 after acquiring an additional 2,096 shares during the period. 90.60% of the stock is currently owned by institutional investors.

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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