American International Group (NYSE:AIG) Price Target Raised to $87.00 at Citigroup

American International Group (NYSE:AIG - Free Report) had its target price lifted by Citigroup from $79.00 to $87.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the insurance provider's stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of American International Group from $73.00 to $80.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price objective on shares of American International Group from $74.00 to $80.00 and gave the stock an equal weight rating in a research note on Thursday, April 11th. HSBC assumed coverage on shares of American International Group in a research report on Thursday, December 28th. They issued a buy rating and a $86.00 target price on the stock. TD Cowen assumed coverage on shares of American International Group in a research report on Wednesday, January 10th. They issued a market perform rating and a $78.00 target price on the stock. Finally, UBS Group lifted their target price on shares of American International Group from $83.00 to $84.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, American International Group has a consensus rating of Moderate Buy and a consensus price target of $79.06.

American International Group Price Performance

AIG traded up $0.77 on Tuesday, reaching $73.82. The company had a trading volume of 4,653,034 shares, compared to its average volume of 3,968,532. The company has a fifty day moving average of $73.96 and a 200-day moving average of $68.27. The company has a market capitalization of $50.27 billion, a P/E ratio of 14.79, a PEG ratio of 1.04 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group has a one year low of $48.95 and a one year high of $78.95.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.20. The company had revenue of $1.00 million for the quarter, compared to analysts' expectations of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. As a group, equities research analysts anticipate that American International Group will post 7.11 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group's dividend payout ratio (DPR) is presently 28.86%.

Insider Buying and Selling at American International Group

In other American International Group news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Peter Zaffino sold 333,000 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now directly owns 659 shares of the company's stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company's stock.

Institutional Trading of American International Group

A number of institutional investors and hedge funds have recently modified their holdings of AIG. OFI Invest Asset Management bought a new position in American International Group during the third quarter worth $26,000. Rise Advisors LLC bought a new position in American International Group during the first quarter worth $29,000. Headlands Technologies LLC bought a new position in American International Group during the third quarter worth $32,000. Neo Ivy Capital Management bought a new position in American International Group during the fourth quarter worth $40,000. Finally, Scarborough Advisors LLC bought a new position in American International Group during the fourth quarter worth $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.