Brokerages Set American International Group, Inc. (NYSE:AIG) Price Target at $84.06

American International Group, Inc. (NYSE:AIG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $84.06.

A number of research analysts have commented on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. UBS Group upped their price objective on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Bank of America lifted their target price on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their price target on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Evercore ISI lowered their price objective on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 9th.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new position in shares of American International Group in the third quarter valued at $26,000. Y.D. More Investments Ltd purchased a new position in American International Group during the 2nd quarter valued at about $27,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth about $29,000. Fortitude Family Office LLC lifted its holdings in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 1.3 %

Shares of American International Group stock traded down $0.91 during trading hours on Friday, hitting $70.52. The company had a trading volume of 7,175,233 shares, compared to its average volume of 4,406,102. The company's 50-day moving average is $74.18 and its two-hundred day moving average is $74.72. American International Group has a twelve month low of $66.06 and a twelve month high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $43.99 billion, a P/E ratio of -20.80, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the prior year, the company earned $1.61 earnings per share. Analysts anticipate that American International Group will post 5.12 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio is currently -47.20%.

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.