American International Group (NYSE:AIG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

American International Group (NYSE:AIG - Free Report) had its price objective lifted by Wells Fargo & Company from $76.00 to $77.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the insurance provider's stock.

A number of other equities research analysts have also recently weighed in on the stock. Evercore ISI dropped their price target on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Bank of America increased their price objective on shares of American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $84.13.

American International Group Price Performance

NYSE AIG traded up $1.85 during trading hours on Tuesday, hitting $72.69. 4,827,282 shares of the company's stock traded hands, compared to its average volume of 4,422,723. The company has a market capitalization of $45.34 billion, a PE ratio of -21.44, a PEG ratio of 7.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group has a 52-week low of $66.06 and a 52-week high of $80.83. The firm's 50-day moving average is $74.02 and its 200-day moving average is $74.68.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the firm earned $1.61 earnings per share. Equities analysts forecast that American International Group will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio is currently -47.20%.

Institutional Trading of American International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC boosted its holdings in shares of American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock valued at $2,225,000 after acquiring an additional 150 shares in the last quarter. Independent Advisor Alliance boosted its holdings in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after purchasing an additional 161 shares in the last quarter. Graypoint LLC increased its position in American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock worth $635,000 after purchasing an additional 167 shares during the period. Commerce Bank raised its stake in shares of American International Group by 1.0% during the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock worth $1,262,000 after buying an additional 172 shares in the last quarter. Finally, Stablepoint Partners LLC lifted its holdings in shares of American International Group by 1.0% in the 3rd quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider's stock valued at $1,256,000 after buying an additional 173 shares during the period. 90.60% of the stock is 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.