American International Group (NYSE:AIG)‘s stock had its “overweight” rating restated by analysts at Barclays in a note issued to investors on Tuesday, Marketbeat reports. They presently have a $71.00 price objective on the insurance provider’s stock, up from their prior price objective of $68.00. Barclays’ price objective indicates a potential upside of 16.81% from the company’s current price.
A number of other equities research analysts have also recently commented on AIG. Bank of America upgraded American International Group from a “neutral” rating to a “buy” rating and decreased their price target for the company from $59.40 to $58.28 in a research note on Friday, February 9th. Credit Suisse Group set a $73.00 price target on American International Group and gave the company a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $76.00 price target on shares of American International Group in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.91.
Shares of American International Group (NYSE:AIG) traded up $0.74 during midday trading on Tuesday, hitting $60.78. The company had a trading volume of 2,746,292 shares, compared to its average volume of 6,459,159. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market cap of $54,820.00, a PE ratio of 121.70, a P/E/G ratio of 0.96 and a beta of 1.17. American International Group has a 1 year low of $57.85 and a 1 year high of $67.30.
American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same period in the previous year, the firm earned ($2.96) EPS. analysts predict that American International Group will post 5.64 EPS for the current year.
In other news, insider Claudine Macartney sold 2,052 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.
Large investors have recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. purchased a new position in shares of American International Group in the third quarter worth about $109,000. Stuart Chaussee & Associates Inc. acquired a new stake in American International Group during the fourth quarter worth about $134,000. Chicago Partners Investment Group LLC acquired a new stake in American International Group during the third quarter worth about $163,000. Rational Advisors LLC grew its holdings in American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 1,500 shares during the period. Finally, First Capital Advisors Group LLC. acquired a new stake in American International Group during the third quarter worth about $200,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.
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About American International Group
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.
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