American International Group (NYSE:AIG) Price Target Raised to $82.00

American International Group (NYSE:AIG) had its price target upped by Morgan Stanley from $76.00 to $82.00 in a research report released on Friday,Benzinga reports. They currently have an equal weight rating on the insurance provider’s stock.

A number of other analysts have also weighed in on the company. BMO Capital Markets increased their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. UBS Group reduced their price target on shares of 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. Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group upped their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of American International Group to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.12.

American International Group Price Performance

American International Group stock opened at $78.83 on Friday. American International Group has a 12-month low of $69.00 and a 12-month 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 50-day moving average price of $79.60 and a 200-day moving average price of $76.38. The firm has a market capitalization of $46.77 billion, a PE ratio of -37.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last announced its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities research analysts forecast that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American International Group

Institutional investors have recently added to or reduced their stakes in the business. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the 4th quarter valued at approximately $25,000. Asset Planning Inc purchased a new position in shares of American International Group in the fourth quarter worth $26,000. Ameriflex Group Inc. acquired a new stake in shares of American International Group during the fourth quarter worth $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group during the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of American International Group during the fourth quarter valued at $40,000. Institutional investors and hedge funds 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.