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

American International Group (NYSE:AIG - Get Free Report) had its price target lifted by equities researchers at Evercore ISI from $81.00 to $89.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "in-line" rating on the insurance provider's stock. Evercore ISI's price objective would suggest a potential upside of 12.90% from the company's previous close.

A number of other research analysts have also commented 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 report on Thursday, March 13th. The Goldman Sachs Group reiterated a "neutral" rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Wells Fargo & Company lifted their target price on 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 lifted their price objective on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. 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 company's stock. According to data from MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and a consensus target price of $87.12.

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American International Group Stock Down 8.5 %

Shares of AIG stock traded down $7.37 on Tuesday, reaching $78.83. 6,222,903 shares of the company's stock traded hands, compared to its average volume of 4,398,035. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group has a 12-month low of $69.00 and a 12-month high of $88.07. The business's 50 day moving average price is $79.49 and its two-hundred day moving average price is $76.30. The company has a market capitalization 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.

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 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%. On average, equities analysts forecast that American International Group will post 6.24 earnings per share for the current year.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction 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.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. bought a new position in shares of American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter valued at $26,000. Ameriflex Group Inc. acquired a new stake in American International Group in the 4th quarter valued at $29,000. BankPlus Trust Department bought a new stake in American International Group during the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of American International Group during the 4th quarter worth about $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.