American International Group Stock Forecast, Price & News

American International Group's stock was trading at $32.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AIG shares have decreased by 13.7% and is now trading at $27.99.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American International Group in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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American International Group is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
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American International Group Inc (NYSE:AIG) issued its quarterly earnings data on Monday, August, 3rd. The insurance provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.16. The insurance provider had revenue of $11.73 billion for the quarter, compared to the consensus estimate of $11.17 billion. American International Group had a negative net margin of 9.46% and a positive return on equity of 3.28%. During the same period in the previous year, the company posted $1.43 EPS.
View American International Group's earnings history.

American International Group declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Thursday, September 17th will be given a dividend of $0.32 per share on Wednesday, September 30th. This represents a $1.28 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Wednesday, September 16th.
View American International Group's dividend history.

American International Group announced that its Board of Directors has initiated a share buyback program on Wednesday, February 13th 2019, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

16 brokers have issued 1-year price targets for American International Group's shares. Their forecasts range from $29.00 to $67.00. On average, they expect American International Group's stock price to reach $42.29 in the next year. This suggests a possible upside of 51.1% from the stock's current price.
View analysts' price targets for American International Group.

American International Group saw a increase in short interest in July. As of July 31st, there was short interest totaling 15,880,000 shares, an increase of 10.1% from the July 15th total of 14,420,000 shares. Based on an average daily volume of 6,740,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.8% of the shares of the company are sold short.
View American International Group's Short Interest.

Some companies that are related to American International Group include Hartford Financial Services Group (HIG), Loews (L), Assurant (AIZ), American Financial Group (AFG), Kemper (KMPR), American National Insurance (ANAT), Genworth Financial (GNW) and Horace Mann Educators (HMN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other American International Group investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), Citigroup (C), Cisco Systems (CSCO), Intel (INTC), General Electric (GE), Netflix (NFLX), Wells Fargo & Company (WFC), Walt Disney (DIS) and Johnson & Johnson (JNJ).

American International Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIG."

American International Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.03%), Macquarie Group Ltd. (2.49%), Pzena Investment Management LLC (2.10%), FMR LLC (1.94%), Diamond Hill Capital Management Inc. (1.91%) and Bank of New York Mellon Corp (1.46%). Company insiders that own American International Group stock include Elias F Habayeb, Seraina Macia and Therese M Vaughan.
View institutional ownership trends for American International Group.

AIG stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Prudential Financial Inc., Bank of New York Mellon Corp, Marshall Wace North America L.P., MERIAN GLOBAL INVESTORS UK Ltd, Nuveen Asset Management LLC, Strs Ohio, and Ceredex Value Advisors LLC.
View insider buying and selling activity for American International Group.

AIG stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Pzena Investment Management LLC, Diamond Hill Capital Management Inc., Turiya Advisors Asia Ltd, AQR Capital Management LLC, FMR LLC, Ensign Peak Advisors Inc, and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for American International Group.

Shares of AIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AIG stock can currently be purchased for approximately $27.99.

American International Group has a market capitalization of $24.11 billion and generates $49.75 billion in revenue each year. The insurance provider earns $3.35 billion in net income (profit) each year or $4.59 on an earnings per share basis. American International Group employs 46,000 workers across the globe.

The official website for American International Group is www.aig.com.

American International Group's mailing address is 175 WATER STREET, NEW YORK NY, 10038. The insurance provider can be reached via phone at 212-770-7000 or via email at [email protected]