American International Group, Inc. (AIG) Given Consensus Rating of “Hold” by Brokerages

Shares of American International Group, Inc. (NYSE:AIG) have been assigned an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.21.

AIG has been the subject of several recent analyst reports. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Wednesday, July 5th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. BidaskClub raised American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price target on shares of American International Group in a report on Wednesday, September 6th.

Institutional investors have recently bought and sold shares of the company. Israel Discount Bank of New York purchased a new stake in shares of American International Group in the first quarter valued at approximately $145,000. Peddock Capital Advisors LLC increased its position in shares of American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of American International Group by 0.5% during the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares in the last quarter. Finally, Signaturefd LLC purchased a new stake in shares of American International Group during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 83.98% of the company’s stock.

American International Group (NYSE:AIG) traded down 0.77% during trading on Wednesday, reaching $61.78. 2,594,851 shares of the company’s stock traded hands. The firm’s market cap is $55.81 billion. American International Group has a one year low of $57.35 and a one year high of $67.47. The company has a 50 day moving average of $60.64 and a 200 day moving average of $62.20.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter last year, the company earned $0.98 earnings per share. Equities research analysts predict that American International Group will post $4.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

WARNING: This article was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://le

AIG has been the subject of several recent analyst reports. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Wednesday, July 5th. Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. BidaskClub raised American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price target on shares of American International Group in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price target on shares of American International Group in a report on Wednesday, September 6th.

Institutional investors have recently bought and sold shares of the company. Israel Discount Bank of New York purchased a new stake in shares of American International Group in the first quarter valued at approximately $145,000. Peddock Capital Advisors LLC increased its position in shares of American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of American International Group by 0.5% during the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares in the last quarter. Finally, Signaturefd LLC purchased a new stake in shares of American International Group during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 83.98% of the company’s stock.

American International Group (NYSE:AIG) traded down 0.77% during trading on Wednesday, reaching $61.78. 2,594,851 shares of the company’s stock traded hands. The firm’s market cap is $55.81 billion. American International Group has a one year low of $57.35 and a one year high of $67.47. The company has a 50 day moving average of $60.64 and a 200 day moving average of $62.20.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter last year, the company earned $0.98 earnings per share. Equities research analysts predict that American International Group will post $4.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

WARNING: This article was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/09/american-international-group-inc-aig-given-consensus-rating-of-hold-by-brokerages.html.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Analyst Recommendations for American International Group (NYSE:AIG)

Receive News & Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply