American International Group (AIG) Price Target Cut to $53.00 by Analysts at Morgan Stanley

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American International Group (NYSE:AIG) had its price objective decreased by Morgan Stanley from $65.00 to $53.00 in a research report sent to investors on Tuesday morning. Morgan Stanley currently has a buy rating on the insurance provider’s stock.

A number of other brokerages also recently commented on AIG. ValuEngine downgraded shares of American International Group from a hold rating to a sell rating in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of American International Group from a buy rating to a hold rating in a research note on Monday, July 16th. JPMorgan Chase & Co. set a $63.00 price target on shares of American International Group and gave the stock a hold rating in a research note on Sunday, August 5th. Argus dropped their price target on shares of American International Group from $63.00 to $58.00 and set a buy rating on the stock in a research note on Friday, August 10th. Finally, Wells Fargo & Co set a $62.00 price target on shares of American International Group and gave the stock a buy rating in a research note on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. American International Group currently has an average rating of Buy and a consensus price target of $60.71.

Shares of AIG stock traded down $0.43 during mid-day trading on Tuesday, reaching $43.82. The company’s stock had a trading volume of 5,399,978 shares, compared to its average volume of 9,726,040. American International Group has a 12-month low of $39.29 and a 12-month high of $65.05. The company has a current ratio of 0.26, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58. The company has a market cap of $39.30 billion, a PE ratio of 18.26, a P/E/G ratio of 1.45 and a beta of 1.46.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.40). American International Group had a negative net margin of 12.73% and a positive return on equity of 3.44%. The business had revenue of $12 billion during the quarter, compared to analysts’ expectations of $12.44 billion. During the same period in the prior year, the business posted ($1.22) EPS. Equities research analysts expect that American International Group will post 2.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, December 11th. American International Group’s dividend payout ratio (DPR) is 53.33%.

A number of institutional investors have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd increased its position in shares of American International Group by 47.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 40,628 shares of the insurance provider’s stock worth $2,154,000 after purchasing an additional 13,035 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of American International Group by 5.4% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 47,088 shares of the insurance provider’s stock worth $2,497,000 after purchasing an additional 2,400 shares during the last quarter. Hexavest Inc. bought a new stake in shares of American International Group in the 2nd quarter worth about $247,000. State of Alaska Department of Revenue increased its position in shares of American International Group by 27.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 147,667 shares of the insurance provider’s stock worth $7,827,000 after purchasing an additional 31,690 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of American International Group by 17.8% in the 2nd quarter. Raymond James Trust N.A. now owns 7,485 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 1,130 shares during the last quarter. 89.24% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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Analyst Recommendations for American International Group (NYSE:AIG)

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