Barclays Issues Pessimistic Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price target decreased by Barclays from $98.00 to $92.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the insurance provider’s stock.

Several other research analysts have also weighed in on the stock. Evercore ISI raised their price objective on shares of American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a report on Tuesday, April 1st. Morgan Stanley lifted their price target on American International Group from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on American International Group to $91.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.65.

American International Group Trading Up 0.8 %

NYSE:AIG opened at $82.03 on Friday. The stock has a market cap of $48.85 billion, a price-to-earnings ratio of -39.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group has a one year low of $69.00 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50-day simple moving average is $80.41 and its 200 day simple moving average is $76.69.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, sell-side analysts predict that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. American International Group’s payout ratio is presently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On American International Group

A number of hedge funds have recently modified their holdings of the stock. Duncker Streett & Co. Inc. acquired a new stake in American International Group during the fourth quarter valued at $25,000. Asset Planning Inc acquired a new stake in shares of American International Group during the 4th quarter valued at about $26,000. Ameriflex Group Inc. bought a new stake in shares of American International Group in the 4th quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in American International Group in the fourth quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC bought a new position in American International Group during the fourth quarter valued at approximately $40,000. 90.60% of the stock is 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.