Mizuho Raises American International Group (NYSE:AIG) Price Target to $86.00

Key Points

• Mizuho raised its price target on American International Group to $86.00 (from $84.00) while keeping a "neutral" rating, implying about an 8.48% upside from the recent close.
• Analyst consensus remains a Hold with an average price target of $87.94; broker breakdown: 1 Strong Buy, 7 Buy and 12 Hold ratings.
• AIG recently beat quarterly EPS estimates ($2.11 vs. $1.89) with roughly $7.02 billion in revenue, and institutional investors own about 90.6% of the company’s stock.

American International Group (NYSE:AIG - Get Free Report) had its target price boosted by analysts at Mizuho from $84.00 to $86.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the insurance provider's stock. Mizuho's target price would suggest a potential upside of 8.48% from the company's previous close.

Other research analysts also recently issued reports about the company. UBS Group upped their price target on American International Group from $92.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday. Citigroup boosted their price objective on American International Group from $85.00 to $88.00 and gave the stock a "neutral" rating in a research note on Monday. Morgan Stanley decreased their price objective on shares of American International Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a research note on Monday, April 6th. Wells Fargo & Company decreased their target price on American International Group from $87.00 to $86.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. Finally, Evercore cut their price target on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $87.94.

American International Group Trading Up 1.0%

American International Group stock opened at $79.28 on Wednesday. The firm has a market capitalization of $42.56 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 0.75 and a beta of 0.53. American International Group has a 12-month low of $71.25 and a 12-month high of $87.46. The firm has a 50 day moving average of $76.82 and a 200 day moving average of $77.77. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the firm earned $1.17 EPS. As a group, research analysts predict that American International Group will post 7.86 earnings per share for the current year.

Institutional Investors Weigh In On American International Group

Several institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its position in shares of American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider's stock valued at $434,000 after purchasing an additional 129 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider's stock valued at $396,000 after acquiring an additional 130 shares during the period. JFS Wealth Advisors LLC raised its stake in American International Group by 17.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider's stock worth $68,000 after acquiring an additional 131 shares during the last quarter. Howard Capital Management Inc. raised its stake in American International Group by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider's stock worth $370,000 after acquiring an additional 138 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in American International Group by 12.6% during the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider's stock worth $107,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

About American International Group

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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