American International Group, Inc. (NYSE:AIG) Receives Consensus Rating of “Moderate Buy” from Analysts

American International Group, Inc. (NYSE:AIG) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $77.35.

Several research firms recently commented on AIG. TD Cowen started coverage on shares of American International Group in a research note on Wednesday, January 10th. They set a “market perform” rating and a $78.00 target price for the company. HSBC assumed coverage on shares of American International Group in a research note on Thursday, December 28th. They issued a “buy” rating and a $86.00 target price for the company. BMO Capital Markets lowered their price target on American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Wells Fargo & Company raised their price objective on American International Group from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday.

American International Group Trading Down 1.6 %

NYSE:AIG opened at $74.15 on Friday. American International Group has a 12 month low of $48.95 and a 12 month high of $78.95. The firm has a market cap of $50.49 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.10 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $73.69 and its 200-day moving average is $67.91.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that American International Group will post 7.1 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is 28.86%.

Insider Activity at American International Group

In related news, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the purchase, the director now directly owns 659 shares in the company, valued at $49,682.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Inglis acquired 659 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the transaction, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On American International Group

Several institutional investors have recently bought and sold shares of the business. Rockland Trust Co. raised its position in American International Group by 1.6% in the 1st quarter. Rockland Trust Co. now owns 105,501 shares of the insurance provider’s stock valued at $8,247,000 after purchasing an additional 1,688 shares during the last quarter. Gulf International Bank UK Ltd raised its position in American International Group by 0.6% in the 1st quarter. Gulf International Bank UK Ltd now owns 59,701 shares of the insurance provider’s stock valued at $4,666,000 after purchasing an additional 333 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in American International Group in the 1st quarter valued at $12,248,000. Aprio Wealth Management LLC bought a new position in American International Group in the 1st quarter valued at $216,000. Finally, Park Avenue Securities LLC raised its position in American International Group by 3.4% in the 1st quarter. Park Avenue Securities LLC now owns 22,979 shares of the insurance provider’s stock valued at $1,796,000 after purchasing an additional 753 shares during the last quarter. 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.