American International Group (NYSE:AIG) Given New $98.00 Price Target at Keefe, Bruyette & Woods

American International Group (NYSE:AIG) had its price target lifted by Keefe, Bruyette & Woods from $90.00 to $98.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the insurance provider’s stock.

AIG has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on 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. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group increased their target price on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI boosted their price target on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, American International Group currently has an average rating of “Moderate Buy” and an average target price of $86.00.

American International Group Trading Down 0.3 %

NYSE AIG opened at $86.69 on Tuesday. The company has a market capitalization of $51.43 billion, a price-to-earnings ratio of -41.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company’s fifty day moving average price is $79.00 and its two-hundred day moving average price is $76.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group has a 12 month low of $69.00 and a 12 month high of $87.51.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American International Group

Several hedge funds and other institutional investors have recently bought and sold shares of AIG. Wealth Enhancement Advisory Services LLC boosted its position in shares of American International Group by 62.6% during the 4th 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 lifted its stake in American International Group by 0.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock valued at $1,437,000 after purchasing an additional 169 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in American International Group during the fourth quarter valued at approximately $28,113,000. Integrated Advisors Network LLC boosted its holdings in American International Group by 1.0% during the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after buying an additional 161 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in American International Group in the fourth quarter worth approximately $29,000. 90.60% of the stock is currently owned by institutional investors.

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.