1 week Ago By Defense World Staff
American International Group (NYSE:AIG – Get Free Report) had its price objective decreased by analysts at Barclays from $98.00 to $92.00 in a note issued to investors on Friday,Benzinga reports.
The brokerage currently has an “overweight” rating on the insurance provider’s stock. Barclays‘s target price points to a potential upside of 12.15% from the stock’s current price.
AIG has been the subject of several other research reports. BMO Capital Markets lifted their price target on American International Group from $75.00 to $83.
00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Wells Fargo & Company reduced their target price on shares of American International Group from $82.00 to $81.
00 and set an “equal weight” rating on the stock in a research report on Thursday. The Goldman Sachs Group upped their target price on American International Group from $79.00 to $87.
00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co.
reissued a “neutral” rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th.
Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.65.
Check Out Our Latest Stock Report on AIGAmerican International Group Trading Up 0.8 %Shares of American International Group stock opened at $82.03 on Friday.
The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.
67. The company’s fifty day simple moving average is $80.41 and its 200-day simple moving average is $76.
67. The stock has a market capitalization of $48.85 billion, a PE ratio of -39.
44, a P/E/G ratio of 1.01 and a beta of 0.63.
American International Group has a 1-year low of $69.00 and a 1-year high of $88.07.
American International Group (NYSE:AIG – Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that American International Group will post 6.
24 earnings per share for the current year. Insiders Place Their BetsIn other news, Director John G. Rice acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th.
The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00.
Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Insiders own 0.61% of the company’s stock. Hedge Funds Weigh In On American International GroupSeveral hedge funds and other institutional investors have recently made changes to their positions in AIG.
Norges Bank acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $718,013,000. Balyasny Asset Management L.P.
acquired a new stake in American International Group during the 4th quarter worth approximately $135,325,000. Wellington Management Group LLP increased its holdings in American International Group by 7.2% during the 4th quarter.
Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of American International Group by 2,134.0% in the 4th quarter.
Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider’s stock valued at $103,885,000 after purchasing an additional 1,363,108 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in American International Group in the fourth quarter valued at $95,074,000.
Hedge funds and other institutional investors own 90.60% of the company’s stock. American International Group Company Profile (Get Free Report)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.Read MoreFive stocks we like better than American International GroupThe Most Important Warren Buffett Stock for Investors: His OwnRobinhood Strategies Could Be a Game-Changer for Young InvestorsWhat is the FTSE 100 index? Are These 3 Retail Stocks Oversold or Really in Trouble?How to Use High Beta Stocks to Maximize Your Investing ProfitsIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
