Barclays Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

Key Points

• Barclays raised AIG’s price target from $80 to $81 while maintaining an “equal weight” rating, implying roughly 1.5% upside from the prior close.
• Analyst sentiment remains mixed but leans neutral: AIG has a consensus “Hold” rating and an average price target of $88.28, based on seven Buy and twelve Hold ratings.
• AIG exceeded quarterly earnings expectations, reporting $2.00 in EPS versus the $1.92 estimate, while revenue of $7.22 billion came in slightly below forecasts.

American International Group (NYSE:AIG - Get Free Report) had its price objective boosted by stock analysts at Barclays from $80.00 to $81.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the insurance provider's stock. Barclays's price target points to a potential upside of 1.50% from the stock's previous close.

Other research analysts have also issued reports about the company. The Goldman Sachs Group upped their price objective on American International Group from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Weiss Ratings raised shares of American International Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. BMO Capital Markets raised their price target on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Bank of America cut their price objective on shares of American International Group from $80.00 to $79.00 and set a "neutral" rating for the company in a report on Tuesday, April 14th. Finally, Mizuho raised their target price on shares of American International Group from $86.00 to $89.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, American International Group currently has a consensus rating of "Hold" and an average target price of $88.28.

American International Group Trading Down 0.4%

Shares of NYSE:AIG opened at $79.80 on Friday. American International Group has a 12-month low of $71.25 and a 12-month high of $87.29. The business has a 50 day moving average of $77.19 and a 200-day moving average of $76.73. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market cap of $42.31 billion, a PE ratio of 14.07, a P/E/G ratio of 0.74 and a beta of 0.53.

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 analysts' consensus estimates of $1.92 by $0.08. The company had revenue of $7.22 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter last year, the company earned $1.81 earnings per share. As a group, equities research analysts forecast that American International Group will post 7.97 earnings per share for the current year.

Hedge Funds Weigh In On American International Group

Institutional investors have recently modified their holdings of the business. Modus Advisors LLC bought a new position in shares of American International Group in the 4th quarter valued at $27,000. Navalign LLC acquired a new position in shares of American International Group in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in American International Group in the fourth quarter valued at $29,000. SHP Wealth Management bought a new stake in shares of American International Group during the 4th quarter valued at about $34,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider's stock worth $35,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds 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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