American International Group (NYSE:AIG) Price Target Raised to $98.00 at Keefe, Bruyette & Woods

American International Group (NYSE:AIG - Free Report) had its target price boosted by Keefe, Bruyette & Woods from $90.00 to $98.00 in a research report released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider's stock.

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

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American International Group Price Performance

Shares of NYSE:AIG traded down $4.49 on Tuesday, reaching $81.71. 575,830 shares of the company were exchanged, compared to its average volume of 4,375,403. The company has a 50-day moving average of $79.49 and a 200-day moving average of $76.30. American International Group has a 1-year low of $69.00 and a 1-year high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $48.48 billion, a price-to-earnings ratio of -39.30, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results 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 forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. American International Group's dividend payout ratio is presently -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were purchased 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 $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 the SEC website. Company insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On American International Group

A number of hedge funds have recently made changes to their positions in AIG. Snowden Capital Advisors LLC increased its stake in shares of American International Group by 1.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock worth $769,000 after acquiring an additional 146 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after purchasing an additional 148 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in American International Group by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock valued at $641,000 after buying an additional 152 shares during the last quarter. Pitcairn Co. lifted its holdings in American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after acquiring an additional 158 shares during the period. Finally, Integrated Advisors Network LLC grew its position in shares of American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider's stock valued at $1,188,000 after acquiring an additional 161 shares during the period. 90.60% of the stock is currently owned by institutional investors.

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.