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

American International Group, Inc. (NYSE:AIG) has been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $84.31.

A number of equities research analysts have recently issued reports on AIG shares. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price objective on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods raised their price target on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, UBS Group decreased their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th.

American International Group Stock Up 0.5 %

NYSE:AIG opened at $84.60 on Friday. The firm has a market capitalization of $50.19 billion, a price-to-earnings ratio of -40.67, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a twelve month low of $69.00 and a twelve month high of $85.11. The stock’s 50 day moving average price is $78.36 and its two-hundred day moving average price is $75.83.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts expect that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction 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 completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Trading of American International Group

A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Wealth Enhancement Advisory Services LLC raised its position in American International Group by 62.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider’s stock valued at $4,812,000 after purchasing an additional 25,458 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of American International Group by 0.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock worth $1,437,000 after buying an additional 169 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of American International Group during the 4th quarter worth $28,113,000. Integrated Advisors Network LLC boosted its stake in American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock valued at $1,188,000 after buying an additional 161 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in American International Group in the fourth quarter valued at about $29,000. 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.