Keefe, Bruyette & Woods Issues Pessimistic Forecast for American International Group (NYSE:AIG) Stock Price

Key Points

• Keefe, Bruyette & Woods has lowered its target price for American International Group's stock from $97.00 to $91.00, indicating a potential upside of 15.73% based on the stock's previous close.
• Despite the downgrade, AIG holds a consensus rating of "Moderate Buy" with multiple research firms, like William Blair, raising their ratings on the stock to "strong-buy."
• AIG reported EPS of $1.81 for its last quarter, exceeding analyst forecasts, but its revenue fell slightly short of expectations at $6.77 billion.

American International Group (NYSE:AIG - Get Free Report) had its target price dropped by Keefe, Bruyette & Woods from $97.00 to $91.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 15.73% from the stock's previous close.

Several other research firms also recently issued reports on AIG. William Blair raised shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Barclays raised their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley boosted their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wells Fargo & Company upped their price target on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.93.

American International Group Trading Up 0.6%

Shares of NYSE:AIG opened at $78.63 on Tuesday. American International Group has a 1 year low of $69.24 and a 1 year high of $88.07. The firm has a fifty day moving average price of $82.29 and a 200 day moving average price of $81.28. 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 stock has a market capitalization of $43.56 billion, a PE ratio of 14.89, a P/E/G ratio of 0.85 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. Analysts expect that American International Group will post 6.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. raised its holdings in shares of American International Group by 1.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock worth $670,000 after buying an additional 122 shares in the last quarter. Miracle Mile Advisors LLC grew its position in American International Group by 1.6% in the first quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after acquiring an additional 124 shares during the period. Western Pacific Wealth Management LP raised its stake in American International Group by 2.3% during the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock worth $493,000 after acquiring an additional 125 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of American International Group by 2.4% during the second quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider's stock valued at $468,000 after acquiring an additional 126 shares during the period. Finally, Monument Capital Management boosted its stake in shares of American International Group by 3.5% in the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider's stock valued at $328,000 after purchasing an additional 129 shares in the last quarter. 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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