Morgan Stanley Cuts American International Group (NYSE:AIG) Price Target to $84.00

Key Points

• Morgan Stanley has lowered the price target for American International Group (AIG) from $85.00 to $84.00, maintaining an "equal weight" rating on the stock.
• Despite the reduction, the new price target suggests a potential upside of 0.70% from AIG's current price of $83.42.
• In broader analyst activity, AIG's average rating is categorized as a "Moderate Buy", with a consensus price target of $88.44.

American International Group (NYSE:AIG - Get Free Report) had its price target reduced by equities researchers at Morgan Stanley from $85.00 to $84.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's target price would indicate a potential upside of 0.70% from the company's current price.

Several other brokerages also recently issued reports on AIG. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a report on Friday. Wolfe Research assumed coverage on American International Group in a report on Tuesday, September 16th. They set a "peer perform" rating on the stock. Keefe, Bruyette & Woods cut their price target on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Cfra Research raised shares of American International Group to a "moderate buy" rating in a report on Monday, August 11th. Finally, Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, American International Group currently has an average rating of "Moderate Buy" and a consensus price target of $88.44.

American International Group Stock Up 0.5%

Shares of AIG stock opened at $83.42 on Tuesday. American International Group has a one year low of $69.24 and a one year high of $88.07. The stock has a market cap of $46.21 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.87 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a fifty day moving average price of $79.37 and a 200 day moving average price of $81.67.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share 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 business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.81 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Analysts predict that American International Group will post 6.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC bought a new stake in American International Group in the 4th quarter valued at $1,091,000. NBC Securities Inc. acquired a new stake in shares of American International Group in the 1st quarter valued at about $47,000. UMB Bank n.a. lifted its holdings in shares of American International Group by 9.4% in the first quarter. UMB Bank n.a. now owns 1,961 shares of the insurance provider's stock valued at $170,000 after purchasing an additional 168 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of American International Group by 1.6% during the first quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock worth $704,000 after buying an additional 124 shares during the period. Finally, OLD National Bancorp IN grew its holdings in shares of American International Group by 34.6% during the first quarter. OLD National Bancorp IN now owns 8,594 shares of the insurance provider's stock worth $747,000 after buying an additional 2,208 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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