American International Group (NYSE:AIG) Stock Price Expected to Rise, Barclays Analyst Says

American International Group (NYSE:AIG - Get Free Report) had its price objective raised by Barclays from $90.00 to $98.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the insurance provider's stock. Barclays's target price suggests a potential upside of 24.31% from the stock's current price.

A number of other equities analysts have also recently issued reports on AIG. BMO Capital Markets lifted their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley boosted their price target on American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, Evercore ISI increased their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $87.12.

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American International Group Price Performance

Shares of AIG traded down $7.37 on Wednesday, reaching $78.83. The stock had a trading volume of 6,406,160 shares, compared to its average volume of 4,405,168. American International Group has a twelve month low of $69.00 and a twelve month high of $88.07. The firm has a market capitalization of $46.77 billion, a PE ratio of -37.90, a PEG ratio of 1.01 and a beta of 0.63. The firm has a 50-day moving average of $79.60 and a 200 day moving average of $76.36. 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 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%. Sell-side analysts expect that American International Group will post 6.24 EPS for the current year.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently bought and sold shares of AIG. Capital Research Global Investors lifted its position in shares of 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 purchasing an additional 482,724 shares in the last quarter. Wellington Management Group LLP lifted its holdings in American International Group by 7.2% in 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 in the last quarter. Diamond Hill Capital Management Inc. boosted its position in American International Group by 3.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after buying an additional 461,912 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of 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 valued at $760,528,000 after acquiring an additional 1,284,354 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of American International Group during the fourth quarter worth about $718,013,000. 90.60% of the stock is owned by institutional investors and hedge funds.

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.