American International Group (NYSE:AIG) Price Target Lowered to $94.00 at Keefe, Bruyette & Woods

American International Group (NYSE:AIG - Get Free Report) had its price target reduced by research analysts at Keefe, Bruyette & Woods from $98.00 to $94.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 13.32% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft raised their price objective on American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. BMO Capital Markets boosted their target price on 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. UBS Group dropped their target price on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Morgan Stanley boosted their price objective on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $87.65.

American International Group Price Performance

Shares of NYSE AIG traded up $0.98 during mid-day trading on Wednesday, reaching $82.95. 911,661 shares of the company were exchanged, compared to its average volume of 4,447,341. The stock has a market capitalization of $49.40 billion, a PE ratio of -39.88, a PEG 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. American International Group has a 52 week low of $69.00 and a 52 week high of $88.07. The company's 50 day moving average price is $80.41 and its 200 day moving average price is $76.69.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 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%. Sell-side analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

Insider Activity

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of American International Group in the 4th quarter worth about $718,013,000. Balyasny Asset Management L.P. purchased a new position in American International Group in the fourth quarter worth about $135,325,000. Wellington Management Group LLP lifted its stake in shares of American International Group by 7.2% in the fourth 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. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of American International Group by 2,134.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock valued at $103,885,000 after buying an additional 1,363,108 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in American International Group in the 4th quarter worth approximately $95,074,000. Institutional investors own 90.60% of the company's stock.

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.