American International Group's (AIG) "Neutral" Rating Reiterated at JPMorgan Chase & Co.

American International Group (NYSE:AIG - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday, Marketbeat.com reports. They currently have a $91.00 price objective on the insurance provider's stock, up from their prior price objective of $83.00. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 10.94% from the stock's previous close.

AIG has been the subject of several other reports. Keefe, Bruyette & Woods upped their target price 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. Morgan Stanley upped their price objective on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. BMO Capital Markets raised 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. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and an average target price of $87.65.

American International Group Trading Up 0.8 %

NYSE:AIG traded up $0.68 on Tuesday, reaching $82.03. The stock had a trading volume of 4,039,555 shares, compared to its average volume of 4,459,871. American International Group has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a market cap of $48.85 billion, a price-to-earnings ratio of -39.44, a P/E/G ratio of 1.01 and a beta of 0.63. The firm's fifty day moving average is $80.41 and its two-hundred day moving average is $76.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 4.25% and a positive return on equity of 8.01%. Equities analysts expect that American International Group will post 6.24 EPS for the current fiscal year.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On American International Group

Several institutional investors and hedge funds have recently made changes to their positions in AIG. Benjamin Edwards Inc. acquired a new stake in shares of American International Group in the 3rd quarter valued at about $293,000. HighTower Advisors LLC raised its stake in American International Group by 25.8% during the third quarter. HighTower Advisors LLC now owns 92,879 shares of the insurance provider's stock valued at $6,807,000 after buying an additional 19,074 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in American International Group by 61.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 7,173 shares of the insurance provider's stock worth $525,000 after buying an additional 2,739 shares during the last quarter. MML Investors Services LLC increased its stake in American International Group by 1.5% during the third quarter. MML Investors Services LLC now owns 62,083 shares of the insurance provider's stock valued at $4,546,000 after purchasing an additional 902 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of American International Group by 3.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 323,885 shares of the insurance provider's stock valued at $23,718,000 after buying an additional 10,768 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.