Barclays Reiterates Overweight Rating for American International Group (AIG)

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.

Analyst Recommendations for American International Group (NYSE:AIG)

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