UBS Group Lowers American International Group (NYSE:AIG) Price Target to $86.00

American International Group (NYSE:AIG - Get Free Report) had its target price dropped by analysts at UBS Group from $88.00 to $86.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the insurance provider's stock. UBS Group's price objective points to a potential upside of 12.10% from the stock's previous close.

Several other analysts have also issued reports on the company. Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group currently has an average rating of "Hold" and a consensus price target of $83.94.

American International Group Stock Up 0.6 %

AIG stock traded up $0.47 during midday trading on Tuesday, reaching $76.72. 5,936,218 shares of the company's stock traded hands, compared to its average volume of 3,709,612. American International Group has a 52 week low of $68.65 and a 52 week high of $80.83. The company has a market cap of $45.52 billion, a price-to-earnings ratio of -36.88, a P/E/G ratio of 1.00 and a beta of 1.05. The firm's fifty day moving average price is $73.68 and its 200-day moving average price is $74.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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, sell-side analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

Insider Activity at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American International Group

A number of large investors have recently made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new position in American International Group during the fourth quarter valued at $25,000. Asset Planning Inc bought a new position in shares of American International Group in the fourth quarter worth approximately $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the third quarter worth $29,000. BankPlus Trust Department bought a new stake in shares of American International Group during the 4th quarter valued at $36,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of American International Group in the fourth quarter valued at about $40,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Company Profile

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.