American International Group (NYSE:AIG) Price Target Raised to $87.00 at The Goldman Sachs Group

American International Group (NYSE:AIG - Get Free Report) had its target price lifted by The Goldman Sachs Group from $79.00 to $87.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the insurance provider's stock. The Goldman Sachs Group's price objective suggests a potential upside of 6.47% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. 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. 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. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research report on Wednesday, March 5th. Finally, Evercore ISI lifted their target price on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.12.

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American International Group Stock Down 5.2 %

AIG traded down $4.49 during trading on Tuesday, hitting $81.71. The stock had a trading volume of 575,830 shares, compared to its average volume of 4,375,403. American International Group has a twelve month low of $69.00 and a twelve month high of $88.07. The stock has a 50 day simple moving average of $79.49 and a two-hundred day simple moving average of $76.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $48.48 billion, a PE ratio of -39.30, a PEG ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. On average, research analysts predict that American International Group will post 6.24 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On American International Group

Large investors have recently bought and sold shares of the stock. Capital Research Global Investors lifted its position in American International Group by 1.4% during the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after buying an additional 482,724 shares during the period. Wellington Management Group LLP lifted its holdings in American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after purchasing an additional 461,912 shares during the period. Franklin Resources Inc. raised its stake in American International Group by 14.0% during the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after acquiring an additional 1,284,354 shares during the period. Finally, Norges Bank acquired a new position in American International Group in the fourth quarter valued at approximately $718,013,000. Institutional investors and hedge funds 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.