American International Group (NYSE:AIG) Given New $86.00 Price Target at Keefe, Bruyette & Woods

American International Group (NYSE:AIG) had its price target lifted by Keefe, Bruyette & Woods from $82.00 to $86.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 15.98% from the company’s previous close.

AIG has been the subject of a number of other reports. UBS Group increased their target price on American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets cut their price objective on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Royal Bank of Canada upped their target price on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Finally, TD Cowen assumed 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 price objective on the stock. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $77.35.

American International Group Stock Performance

NYSE AIG opened at $74.15 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The company’s fifty day moving average is $73.69 and its two-hundred day moving average is $67.91. American International Group has a 52-week low of $48.95 and a 52-week high of $78.95. The firm has a market capitalization 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.

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

Insider Activity

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

Institutional Trading of American International Group

Several hedge funds have recently bought and sold shares of AIG. OFI Invest Asset Management bought a new position in American International Group during the 3rd quarter worth about $26,000. Rise Advisors LLC acquired a new position in American International Group during the first quarter worth $29,000. Headlands Technologies LLC bought a new stake in American International Group during the 3rd quarter worth about $32,000. Neo Ivy Capital Management acquired a new position in shares of American International Group during the 4th quarter worth about $40,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter valued at about $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.