American International Group’s (AIG) “Neutral” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of American International Group (NYSE:AIG) in a report issued on Wednesday, Marketbeat reports. The firm currently has a $79.00 price target on the insurance provider’s stock, down from their previous price target of $83.00.

A number of other brokerages also recently issued reports on AIG. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.06.

American International Group Stock Down 1.3 %

AIG stock opened at $70.52 on Wednesday. The company’s 50 day moving average price is $74.18 and its 200 day moving average price is $74.72. The firm has a market capitalization of $43.99 billion, a price-to-earnings ratio of -20.80, a PEG ratio of 7.30 and a beta of 1.06. American International Group has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period last year, the firm earned $1.61 earnings per share. On average, equities research analysts anticipate that American International Group will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

Institutional Trading of American International Group

A number of hedge funds have recently added to or reduced their stakes in the business. Graypoint LLC lifted its holdings in shares of American International Group by 3.0% during the 4th quarter. Graypoint LLC now owns 8,936 shares of the insurance provider’s stock worth $651,000 after acquiring an additional 264 shares during the period. ORG Wealth Partners LLC purchased a new position in American International Group during the fourth quarter worth approximately $77,000. Hilltop National Bank raised its stake in American International Group by 4.7% during the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of American International Group by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider’s stock valued at $2,997,000 after purchasing an additional 274 shares during the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

About American International Group

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.