American International Group, Inc. (NYSE:AIG) Receives $83.94 Average PT from Analysts

American International Group, Inc. (NYSE:AIG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.94.

Several brokerages have issued reports on AIG. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Morgan Stanley raised their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th.

American International Group Price Performance

American International Group stock traded down $2.84 during trading on Monday, reaching $79.75. The company had a trading volume of 2,171,953 shares, compared to its average volume of 4,324,448. The firm has a market capitalization of $47.32 billion, a PE ratio of -38.31, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The firm's 50-day simple moving average is $74.71 and its 200 day simple moving average is $74.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group has a 1-year low of $69.00 and a 1-year high of $83.77.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, equities research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.01%. American International Group's dividend payout ratio is currently -76.92%.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On American International Group

Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in American International Group during the fourth quarter worth about $718,013,000. Wellington Management Group LLP raised its holdings in American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in American International Group during the fourth quarter worth $135,325,000. Prana Capital Management LP grew its holdings in American International Group by 280.5% in the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider's stock valued at $138,264,000 after purchasing an additional 1,391,859 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of American International Group by 2,134.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock valued at $103,885,000 after buying an additional 1,363,108 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

About American International Group

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.