Credit Suisse Group AG assumed coverage on shares of American International Group Inc. (NYSE:AIG) in a report issued on Friday. The brokerage issued a neutral rating and a $60.00 target price on the insurance provider’s stock.
Other analysts have also issued reports about the company. Vetr lowered American International Group from a hold rating to a sell rating and set a $55.52 price objective for the company. in a report on Wednesday, August 3rd. FBR & Co reiterated a hold rating and set a $53.00 price objective on shares of American International Group in a report on Thursday, August 4th. Keefe, Bruyette & Woods increased their price objective on American International Group from $70.00 to $74.00 and gave the stock an outperform rating in a report on Thursday, August 4th. JPMorgan Chase & Co. set a $65.00 price objective on American International Group and gave the stock a hold rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research lowered American International Group from a hold rating to a strong sell rating in a report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $65.10.
Shares of American International Group (NYSE:AIG) traded up 0.857% on Friday, reaching $60.575. The company had a trading volume of 1,369,120 shares. The firm’s market capitalization is $64.86 billion. The company has a 50-day moving average price of $58.96 and a 200-day moving average price of $56.17. American International Group has a 52-week low of $48.41 and a 52-week high of $64.31.
American International Group (NYSE:AIG) last issued its earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. American International Group had a positive return on equity of 1.33% and a negative net margin of 0.64%. During the same period in the previous year, the firm earned $1.39 earnings per share. Equities research analysts forecast that American International Group will post $4.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, September 13th. American International Group’s dividend payout ratio (DPR) is currently -799.95%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC boosted its position in American International Group by 59.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,483 shares of the insurance provider’s stock worth $134,000 after buying an additional 929 shares during the period. Mountain Lake Investment Management LLC bought a new position in American International Group during the first quarter valued at $135,000. Chicago Partners Investment Group LLC boosted its position in American International Group by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,601 shares of the insurance provider’s stock valued at $138,000 after buying an additional 16 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock valued at $175,000 after buying an additional 17 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC bought a new position in American International Group during the third quarter valued at $208,000. Institutional investors own 84.69% of the company’s stock.
American International Group Company Profile
American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.
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