American International Group (NYSE:AIG) Coverage Initiated at BMO Capital Markets

Stock analysts at BMO Capital Markets initiated coverage on shares of American International Group (NYSE:AIGGet Rating) in a research note issued to investors on Thursday, The Fly reports. The firm set a “market perform” rating and a $64.00 price target on the insurance provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 2.45% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Bank of America restated a “buy” rating and set a $58.00 price objective on shares of American International Group in a report on Monday, October 10th. Royal Bank of Canada lifted their target price on American International Group from $68.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 14th. The Goldman Sachs Group initiated coverage on American International Group in a research report on Monday, October 10th. They set a “buy” rating and a $83.00 target price for the company. TheStreet raised American International Group from a “c+” rating to a “b” rating in a research report on Thursday, October 27th. Finally, Citigroup initiated coverage on American International Group in a research report on Wednesday, December 14th. They set a “buy” rating and a $72.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $65.08.

American International Group Price Performance

Shares of American International Group stock opened at $62.47 on Thursday. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 3.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50 day moving average price of $62.41 and a 200-day moving average price of $56.27. American International Group has a one year low of $47.05 and a one year high of $65.73.

American International Group (NYSE:AIGGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. American International Group had a return on equity of 7.33% and a net margin of 23.33%. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $11.50 billion. Equities analysts expect that American International Group will post 4.36 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIG. Fairfield Bush & CO. purchased a new position in American International Group during the 1st quarter worth $84,000. Cetera Advisor Networks LLC grew its stake in American International Group by 11.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 5,535 shares of the insurance provider’s stock valued at $347,000 after purchasing an additional 578 shares during the last quarter. Blair William & Co. IL grew its stake in American International Group by 1.2% during the 1st quarter. Blair William & Co. IL now owns 100,861 shares of the insurance provider’s stock valued at $6,331,000 after purchasing an additional 1,207 shares during the last quarter. Cetera Investment Advisers grew its stake in American International Group by 20.1% during the 1st quarter. Cetera Investment Advisers now owns 20,447 shares of the insurance provider’s stock valued at $1,283,000 after purchasing an additional 3,428 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in American International Group by 43.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,324 shares of the insurance provider’s stock valued at $334,000 after purchasing an additional 1,608 shares during the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Company Profile

(Get Rating)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

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