American International Group, Inc. (NYSE:AIG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of American International Group, Inc. (NYSE:AIG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $84.80.

AIG has been the topic of several research reports. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Barclays began coverage on American International Group in a research report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price target on the stock. JPMorgan Chase & Co. raised shares of American International Group from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. UBS Group boosted their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group raised their price target on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, October 9th.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently modified their holdings of the business. Forum Financial Management LP grew its position in shares of American International Group by 1.1% during the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider's stock valued at $904,000 after buying an additional 128 shares during the last quarter. EagleClaw Capital Managment LLC grew its holdings in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock valued at $2,225,000 after purchasing an additional 150 shares during the last quarter. Independent Advisor Alliance raised its position in shares of American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock worth $761,000 after purchasing an additional 161 shares during the period. Graypoint LLC lifted its holdings in shares of American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock worth $635,000 after purchasing an additional 167 shares during the last quarter. Finally, Commerce Bank boosted its position in American International Group by 1.0% during the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after purchasing an additional 172 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Down 1.7 %

Shares of AIG traded down $1.22 during trading hours on Wednesday, hitting $70.00. The stock had a trading volume of 5,767,739 shares, compared to its average volume of 4,126,895. American International Group has a 12-month low of $65.78 and a 12-month high of $80.83. The firm has a market cap of $43.66 billion, a P/E ratio of -20.65, a P/E/G ratio of 7.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company's fifty day simple moving average is $75.82 and its 200 day simple moving average is $75.05.

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

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, December 16th. American International Group's dividend payout ratio is presently -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.