UBS Group Raises American International Group (NYSE:AIG) Price Target to $94.00

Key Points

• UBS Group raised its price target on AIG to $94.00 (from $92) and maintained a "buy" rating, implying about a 21.10% upside from the stock's current price.
• Multiple other brokerages recently trimmed targets, and the analyst consensus remains a "Hold" with a consensus price target of $87.71.
• AIG beat Q1 EPS estimates ($2.11 vs. $1.89) while revenue was roughly in line at $7.02B; the stock trades at a PE of about 13.8 with a market cap near $41.7B.

American International Group (NYSE:AIG - Get Free Report) had its target price upped by analysts at UBS Group from $92.00 to $94.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a "buy" rating on the insurance provider's stock. UBS Group's price target points to a potential upside of 21.10% from the stock's current price.

AIG has been the topic of a number of other reports. Mizuho reduced their price target on shares of American International Group from $86.00 to $84.00 and set a "neutral" rating on the stock in a research report on Monday, April 13th. Bank of America cut their target price on shares of American International Group from $80.00 to $79.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. Piper Sandler reduced their target price on American International Group from $95.00 to $88.00 and set an "overweight" rating on the stock in a report on Thursday, February 12th. HSBC decreased their target price on American International Group from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Tuesday, April 7th. Finally, Wells Fargo & Company reduced their price target on shares of American International Group from $87.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $87.71.

American International Group Trading Down 1.5%

Shares of AIG opened at $77.63 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $41.68 billion, a PE ratio of 13.78, a PEG ratio of 0.60 and a beta of 0.53. American International Group has a 1 year low of $71.25 and a 1 year high of $87.46. The stock has a 50 day simple moving average of $76.85 and a 200-day simple moving average of $77.79.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.88% and a net margin of 11.86%.The firm had revenue of $7.02 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same period in the prior year, the business posted $1.17 earnings per share. On average, sell-side analysts predict that American International Group will post 7.75 EPS for the current fiscal year.

Institutional Investors Weigh In On American International Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Westfuller Advisors LLC acquired a new stake in American International Group during the 3rd quarter worth $26,000. Modus Advisors LLC bought a new position in shares of American International Group in the 4th quarter worth $27,000. Atlantic Union Bankshares Corp boosted its position in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider's stock worth $28,000 after purchasing an additional 355 shares during the last quarter. Navalign LLC acquired a new stake in shares of American International Group during the fourth quarter worth $29,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in American International Group in the fourth quarter valued at about $29,000. 90.60% of the stock is owned by institutional investors.

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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