Morgan Stanley Boosts American International Group (NYSE:AIG) Price Target to $82.00

American International Group (NYSE:AIG - Get Free Report) had its price objective boosted by investment analysts at Morgan Stanley from $76.00 to $82.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's price target indicates a potential upside of 0.10% from the company's previous close.

A number of other brokerages have also recently commented on AIG. Barclays raised their price target on shares of American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group raised their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Wells Fargo & Company raised their price target 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. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. Finally, UBS Group lowered their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.35.

American International Group Stock Performance

NYSE:AIG traded up $4.25 during mid-day trading on Friday, hitting $81.92. 2,606,548 shares of the company's stock traded hands, compared to its average volume of 4,440,482. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $79.72 and a two-hundred day moving average of $76.44. The firm has a market capitalization of $48.78 billion, a price-to-earnings ratio of -39.46, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group has a 12 month low of $69.00 and a 12 month high of $88.07.

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 (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On American International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Edgestream Partners L.P. acquired a new stake in American International Group during the 3rd quarter worth approximately $295,000. Benjamin Edwards Inc. bought a new stake in shares of American International Group in the third quarter worth $293,000. Hilltop Holdings Inc. acquired a new stake in American International Group in the third quarter valued at $230,000. HighTower Advisors LLC raised its position in American International Group by 25.8% during the 3rd quarter. HighTower Advisors LLC now owns 92,879 shares of the insurance provider's stock worth $6,807,000 after purchasing an additional 19,074 shares during the last quarter. Finally, Redwood Investment Management LLC grew its position in shares of American International Group by 4.0% in the 3rd quarter. Redwood Investment Management LLC now owns 19,531 shares of the insurance provider's stock valued at $1,432,000 after buying an additional 748 shares during the last quarter. 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.