American International Group (NYSE:AIG) Rating Increased to Buy at HSBC

American International Group (NYSE:AIG - Get Free Report) was upgraded by stock analysts at HSBC from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm currently has a $93.00 target price on the insurance provider's stock. HSBC's price target suggests a potential upside of 16.54% from the company's current price.

Several other research firms also recently commented on AIG. UBS Group dropped their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. The Goldman Sachs Group reiterated a "neutral" rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average price target of $84.38.

American International Group Price Performance

NYSE:AIG opened at $79.80 on Wednesday. American International Group has a 52 week low of $69.00 and a 52 week high of $83.77. The stock's fifty day moving average is $74.85 and its two-hundred day moving average is $74.91. The company has a market capitalization of $47.35 billion, a P/E ratio of -38.37, a P/E/G ratio of 1.01 and a beta of 1.05. 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 released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. Equities analysts expect that American International Group will post 6.24 EPS for the current year.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction on 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 transaction, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.61% of the company's stock.

Institutional Trading of American International Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. purchased a new position in American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc purchased a new position in American International Group in the 4th quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. Ameriflex Group Inc. acquired a new stake in American International Group in the fourth quarter valued at $29,000. Finally, BankPlus Trust Department acquired a new stake in American International Group in the fourth quarter valued at $36,000. 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.

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