Deutsche Bank Aktiengesellschaft Boosts American International Group (NYSE:AIG) Price Target to $91.00

American International Group (NYSE:AIG - Free Report) had its target price upped by Deutsche Bank Aktiengesellschaft to $91.00 in a research note issued to investors on Wednesday morning,Stock Target Advisor reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the insurance provider's stock.

Several other equities research analysts have also issued reports on AIG. Keefe, Bruyette & Woods lifted their price objective on American International Group from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. BMO Capital Markets raised their target price on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Barclays boosted 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. Finally, Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of "Moderate Buy" and an average target price of $87.12.

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American International Group Stock Performance

AIG traded down $7.37 on Wednesday, hitting $78.83. The company's stock had a trading volume of 6,406,160 shares, compared to its average volume of 4,405,168. American International Group has a 12 month low of $69.00 and a 12 month high of $88.07. The firm has a market cap of $46.77 billion, a P/E ratio of -37.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company's 50 day simple moving average is $79.60 and its 200-day simple moving average is $76.36.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Analysts forecast that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.03%. American International Group's payout ratio is -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice purchased 10,000 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Snowden Capital Advisors LLC increased its holdings in American International Group by 1.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock valued at $769,000 after purchasing an additional 146 shares during the period. Catalina Capital Group LLC boosted its holdings in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after acquiring an additional 148 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in American International Group by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock worth $641,000 after purchasing an additional 152 shares in the last quarter. Pitcairn Co. boosted its stake in shares of American International Group by 2.2% during the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after purchasing an additional 158 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its stake in American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider's stock worth $1,188,000 after buying an additional 161 shares in the last quarter. 90.60% of the stock is 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.